In the clown economy, it is worth asking the question, what is money?
Whatever money is, it is certainly not a divisible, fungible and durable means of exchange, as an Austrian economist would define it. In that sense, you could say that, whatever this thing is that we still call “money”, it’s not money.
Nevertheless, we are still required to exchange this “money” in our day-to-day lives as a matter of necessity (for now). So what is it?
I am no economist, but I have studied a bit of Austrian economics. The way I see it, there are basically two economies now. There is the “real” economy, which is the natural market economy in which people exchange money for goods and services, and there is the “counterfeit” economy. The real economy has become secondary to the counterfeit economy, which is primary in the sense that the majority of money is spent/generated there. The real economy is characterized by normal people buying food, water, gasoline, oil changes, books, streaming subscriptions, and the like. The counterfeit economy is characterized by money/debt (these two seem to be the same thing at this point) being reallocated and fabricated in astronomically large quantities by international firms and governments, who then proceed with these instruments to exhaust every possible financing opportunity that exists in the known universe; then, when those run out, new ones are made, either by the creation of new financial instruments, or by creating more money/debt with which to operate with.
Naturally, this insane process dwarfs and thus utterly subjugates the real economy to the counterfeit economy, because the commoners in the real economy are still stuck with this “money” as a medium of exchange. The commoners can trade these “money” units as normal, but ultimately this gives the people no agency over the exchange of their goods and labor, because the meaning of the money is subject to change at will (via monetary policy/inflation).
So the illusion that some sort of free market exists is maintained when it is actually entirely managed at this point as a command economy. I want to emphasize this, as right-wingers have a bad habit of communicating in the future tense, when the problem is presently upon them like a whale resting on a palm tree. The economy is 100% a command economy; any sense in which it appears to be a market economy is an illusion designed to trick you into thinking that you are not entirely pwned. It is not something that is coming; it is not something that is going to happen. It has already happened, and irrevocably, at that.
In this economy, there is not even a way to build up economic power against the ruling class, because the ruling class controls how much power any given amount of money equals at any point in time. This is on top of a century of managerial power that has crippled capitalist power. This problem will only get worse once they go full digital currency, and management can be literally codified in the money itself.
All “money” is, then, is a means of control. Money, it seems, is not something we want as an end, although it remains a necessity. Money, in fact, must be destroyed, as it is the means by which the ruling class oppresses us. Fortunately, this is likely inevitable. I believe that we have passed the “event horizon” where any possible escape from this is possible; it is therefore a waste of time for Austrian economists, or anyone else for that matter, to agitate for sound monetary policy – it is simply no longer possible, because any attempt to restore sound monetary policy would collapse the economy and possibly the government. The regime is “all in” on barreling through this process of changing money from a means of exchange into a means of control.
A monetary collapse induced collapse of government does not mean we will get a good government, though. There is no reason why this would be necessary or even likely. It is therefore necessary to educate people on what sound money is, and why what is being done with monetary policy is purely from the mind of a madman. We actually do want sound money, but we should hope that the counterfeit-money that has been pressed upon us collapses very quickly, because the very existence of the DOLLAR is a threat to everything sacred in the world.
This is not financial or investment advice. I am not a financial or investment advisor.