Understanding money and the dollar system's contradictions with Radhika Desai & Michael Hudson
Geopolitical Economy Report
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What Is Money?
Every recovery in the United States since World War II and Europe has started from a higher and higher rate debt overhead. Money is not a commodity, it's an ancient social institution that arises from old practices of essentially keeping accounts. And practically all well organized financial systems that are not prone to prices or predatory lending are run by states that heavily regulate them.
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