"We" are actually the policy tool of the reserve bank. Money is...

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    "We" are actually the policy tool of the reserve bank. Money is dead material (it's mostly electronic now)it's really just the abstract measurement of labour, from classical economics, which is no longer taught. What the money really measures is ownership over the exploitable pool of labour time, just as Marx wrote. This is what the RBA uses as their policy tool, of course it's largely out of their control now as capital pursues the lowest cost offshore labour and pursues rapid automation to reduce labour costs. The RBA have a hide, talking like capitalism is supposed to be for some kind of socialist job production program.
    Last edited by tigmeister: 23/11/17
 
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