This is really the problem that all these discussions boil down to: definition of terms. From an operational perspective, I would claim that the money we have these days is as real as it gets.
Consider, for example, the claim in the article that our current monetary system requires trust. But is that really the case? I claim that the current money of the state is valuable to me and everybody else, no trust required.
Here's a simple line of thought to support this claim: My landlord wants the rent paid in the money of the state. This makes the money of the state valuable to me. I don't need to trust anybody or anything for this to be true.
This is really the problem that all these discussions boil down to: definition of terms. From an operational perspective, I would claim that the money we have these days is as real as it gets.
Consider, for example, the claim in the article that our current monetary system requires trust. But is that really the case? I claim that the current money of the state is valuable to me and everybody else, no trust required.
Here's a simple line of thought to support this claim: My landlord wants the rent paid in the money of the state. This makes the money of the state valuable to me. I don't need to trust anybody or anything for this to be true.