Contemporary political and central-bank rhetoric misunderstands what money fundamentally is

Evidence

Today, we are bombarded with a phantasmagoria of idiocies about money. Clueless politicians invoke penny-pinching metaphors to justify self-defeating austerity. Central bankers facing both inflation and deflation resemble the proverbial ass, both thirsty and hungry, who collapses because it can’t decide whether to drink or to eat first. — Yanis Varoufakis, Technofeudalism, 88

Categorization

• SEED: The Buridan’s-ass framing of central bankers torn between inflation and deflation is a vivid quotable image for an essay on monetary policy confusion.
• XREF: connects to: Inflation is a political class-war flare-up rather than a monetary phenomenon — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 539

Broader Connections

• Inflation is a political class-war flare-up rather than a monetary phenomenon #corroborates (0.75) — Yanis Varoufakis, Technofeudalism, 539