Because it gives the ruling class something to hold over the poors so the rest of society is so terrified of becoming poor they forget that they’re being used as literal slaves for the state
This is the crux of it. Currency is essential because it allows people to exchange goods and services in a timely manner. What it is used for today is not essential to the individual.
Today 100 different people could think up a 100 different ways to streamline the exchange of goods and services without using fiat currency. The reason we don’t is because it would take power away from those who covet it and most people don’t understand they are being used.
Because it gives the ruling class something to hold over the poors so the rest of society is so terrified of becoming poor they forget that they’re being used as literal slaves for the state
This is the crux of it. Currency is essential because it allows people to exchange goods and services in a timely manner. What it is used for today is not essential to the individual.
Today 100 different people could think up a 100 different ways to streamline the exchange of goods and services without using fiat currency. The reason we don’t is because it would take power away from those who covet it and most people don’t understand they are being used.
Step 1: Hoard a bunch of stuff no one really cares about.
Step 2: Wait until you’ve hoarded the majority of that stuff in your local area.
Step 3: Start telling people how important the thing you’ve been hoarding is.
Step 4: People are dumb and actually start believing the useless thing you’ve hoarded is actually important.
Step 5: Enjoy your new status as the man who convinced everyone something completely useless was important.