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View Diary: Koch brothers' 'grand strategist' says raising the minimum wage is like Nazi Germany (86 comments)

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  •  If the dollar is not being used to control the (1+ / 0-)
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    hawkseye

    populace, how are the people going to be made obedient?

    Germany sought to evade international sanctions by printing its own money without restraint. The result was unmanageable inflation, but, I'd argue, it wasn't the quantity that was responsible, but the general resistance to accepting the certificates of debt (which is what currency is) from a dead-beat regime. It wasn't that the German mark was no good because there were too many of them; it was that the Germans had proved untrustworthy and so their money was no good.
    Currency has no intrinsic value, just as the letters of our alphabet are worthless. It's what they represent that's important.

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