Fiat Currency and Scarcity as Value

In this episode of The Leftish Agenda Podcast, hosted by Eddie, the nature and function of modern currencies are explored. The discussion initiates with an explanation of fiat currencies, touching on their dependence on government backing and public trust, offering greater flexibility in monetary policy and how they've evolved to be the global standard. The conversation then pivots to the groundbreaking concept that all forms of currency, post-barter, can be viewed as 'created fictitious things', emphasizing their inherent abstract value, social construction, susceptibility to government policies, impact of inflation, and the rise of digital and cryptocurrencies. The in-depth talk encapsulates the crucial necessity of trust in currency systems. The episode culminates in an invitation to listeners to join in the discussion, encouraging thought and questions on this intricate economic topic.