Nov 11, 2021
The difference between capitalism and a market economy, is that markets need money to circulate, while capitalism treats it as a commodity to mine from the markets and store it. Even Econ 101 says money is both medium of exchange and store of value, but one is dynamic, while the other is static. Blood is a medium fat is a store. Roads are a medium, parking lots are a store. The hallway is a medium, the hall closet is a store.
If the average 5 year old can figure it out, what are the economists smoking?
https://medium.com/discourse/the-worm-in-the-apple-of-modern-capitalism-a46081000d5a