this post was submitted on 22 Sep 2023
56 points (80.4% liked)

Work Reform

9994 readers
192 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
 

A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago

Fiat money maintains its value largely because the government will purchase labor, goods, and other assets without any concern for gain versus loss.

The state therefore generates demand even when and where private entities will not or cannot hire workers, make purchases, or invest.