LOCAL TUMBLR SOCIALIST INVENTS MONEY MORE AT 11 PM EST
Fun fact: A tiny piece of paper isn’t actually worth fifty bob or whatever, it’s actually a kind of iou, but instead of cashing it in with the person who gave you the iou you cash it in with somebody else in exchange for the iou, and so on and so forth. If the notes were worth anything then inflation would be based on the value of paper compared to the value of everything else.
The best part is probably that they wanted labor certificates that “doesn’t hold value in itself” and yet by their description is way more valuable than money, because the labor certificates entitle you to a share in the production meanwhile real money doesn’t entitle you to fuck all.
