MoneyWisdom #443

"...the idea that money, debt and finance are immaterial and not grounded in material production or material value violently erases how the whole of life - including the lives and households not only of the waged and the employed but also of the jobless and the wageless - is ordered and organized by the logic of speculation. The idea that money, debt and finance are immaterial fails, then, to recognize that their very operations are at the heart of the organization of social life - indeed, fails to recognize the operation of speculation as a rationality."

Lisa Adkins The Time of Money (2018) p. 169