Libertarianism claims that money is an emergent market phenomenon derived from just voluntary exchange, and that capitalist profits emerge from money when entrepreneurs create value for society, and are therefore also just.
Their entire theory is the state merely creates waste, like a parasite, and abolishing the state will allow the emergent "free market" to operate optimally.
This is all totally wrong.

Money is not in fact emergent from organic trade. Systems of barter allowed for informal, tacit arrangements where debts didn't have to be settled with precision, which is the function money provides.
The only time precise debt settlement was needed was with the weregild, the blood money to buy out of a family feud. This weregild concept was extended to pay off warlords in the form of protection money, which then became taxes.
With the introduction of the state and taxes, money finally became universally valuable. This in fact increased trade beyond the issuing state's political control, but the value of money was premised on it being redeemable for taxes at the end of the day.

Pre-money was also protection money, but more informally within local class structures, trade between distant wealthy petty chiefs.

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The general hand wave math on inflation is that prices are double what they were in 2000. After 2022, median wages and salaries caught up, and are also double what they were in 2000.
$100k today is a $54k salary from 2000.

What's fucked is that housing is 5x as expensive as 2000.

The most fucked thing of all is that tax brackets haven't adjusted for inflation. If you earn $120k a year, you're taxed at 60%. They're treating you like you make the equivalent of $240k a year, but you're really making $60k a year, so effectively your take home pay is $24k in 2000 dollars. Except, with housing 2.5x as expensive. Your 2000 housing monthly expense should be around $600, but out of $2000 monthly take home, you're actually paying $1800 for housing, leaving you $200 for all other expenses not to mention savings (which will get further creamed by inflation).

This shit is rigged. If you didn't buy a house before 2016, and don't have a massive portfolio of index fund investments, or don't make $250k dual income or >$350k, YOU'RE FUCKED. But even if you do make >$350k if you have student loans and live in a city ($4500 rent), YOU'RE FUCKED.

The fucked up part is that as bad as this economy is, if you're some Chink with slave driving parents and minimal talent, you went to Stanford or some shit, are making $450k and your wife is making $350k and you end up topping out over the inflation swamp line and have enough extra cash to doordash and go on Euro vacations as much as you could possibly want, buying three Teslas, all that gay shit, investing.
Or even if you're a Millennial that got set up with everything before 2015.
A sold 20% of this country is doing fucking great while the rest of everything is burning to the fucking ground.

Libertarianism claims that money is an emergent market phenomenon derived from just voluntary exchange, and that capitalist profits emerge from money when entrepreneurs create value for society, and are therefore also just.
Their entire theory is the state merely creates waste, like a parasite, and abolishing the state will allow the emergent "free market" to operate optimally.
This is all totally wrong.

Money is not in fact emergent from organic trade. Systems of barter allowed for informal, tacit arrangements where debts didn't have to be settled with precision, which is the function money provides.
The only time precise debt settlement was needed was with the weregild, the blood money to buy out of a family feud. This weregild concept was extended to pay off warlords in the form of protection money, which then became taxes.
With the introduction of the state and taxes, money finally became universally valuable. This in fact increased trade beyond the issuing state's political control, but the value of money was premised on it being redeemable for taxes at the end of the day.

Pre-money was also protection money, but more informally within local class structures, trade between distant wealthy petty chiefs.

1/3

Libertarianism claims that money is an emergent market phenomenon derived from just voluntary exchange, and that capitalist profits emerge from money when entrepreneurs create value for society, and are therefore also just.
Their entire theory is the state merely creates waste, like a parasite, and abolishing the state will allow the emergent "free market" to operate optimally.
This is all totally wrong.

Money is not in fact emergent from organic trade. Systems of barter allowed for informal, tacit arrangements where debts didn't have to be settled with precision, which is the function money provides.
The only time precise debt settlement was needed was with the weregild, the blood money to buy out of a family feud. This weregild concept was extended to pay off warlords in the form of protection money, which then became taxes.
With the introduction of the state and taxes, money finally became universally valuable. This in fact increased trade beyond the issuing state's political control, but the value of money was premised on it being redeemable for taxes at the end of the day.

Pre-money was also protection money, but more informally within local class structures, trade between distant wealthy petty chiefs.

1/3