Ecuador’s election wasn’t free — and its people will pay the price under President Noboa
What is money?
Money is a a paper IOU note written by the bank which promises to pay the bearer the amount printed on the bill, right? Wrong, explains the MARX MEMORIAL LIBRARY
what is money
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Trump’s economic adviser has exposed the actual strategy: forcing other countries to provide financial support for US hegemony
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“The first form of appearance of capital is money” (Marx Capital, Volume 1)
MONEY appears on the surface a simple thing; a “token of exchange,” something whose value is convertible into commodities through purchase.
Without such an intermediary, commodity exchange — the acquisition and disposal of goods — would be based (as it was before money was “invented”) on barter and extremely complicated.
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