Thursday, January 07, 2010

footnote to previous post

In a typically wry notebook entry, Marx observes that while credit is protestant, money is catholic. Is money catholic? Insofar as the expansion of money debauches existing wealth, we can say with certainty that it's fundamentally illiberal; it violates the liberal principle that in any transfer of wealth, consideration should be given and recieved: it takes without giving.

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