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the actual sovereign (is?) money. That's where the power lies, under everyone's consent.

Well, I agree that money is the organizing principle behind our societies today, but I hardly believe that more than a very few provide any meaningful consent to this. Consent has to be informed to be meaningful. I strongly suspect that it is not entirely accidental that there is a pervasive misunderstanding about the nature of money in our society. Few people even understand fractional reserve banking and "loaning money into existence", after all, and that is just the beginning.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 8th, 2010 at 12:59:19 PM EST
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The people do not understand what the money is, but everyone knows that you have to make money to live. And they would do anything (of what they know) for money, even if that does not bring better living. In the 1990s it was quite baffling how eager East Europeans were to emigrate for a "better" job to the West, even if they had (still then) most of what they would normally need.
by das monde on Fri Oct 8th, 2010 at 10:49:47 PM EST
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