This is what #Chartalism is all about: Money is a societal institution that follows a #society's #preferences.

By the same token (and as discussed by Prasad), one of the reasons why not to abolish cash (e.g., by way of a #CBDC) is that if society whishes to retain money in a physical form,
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Modern Monetary Theory: why government spending isn't like household checkbooks https://boingboing.net/2018/09/28/trillion-dollar-coin.html #governmentsaren'tbusinesses #ceosmakeshittypresidents #modernmonetarytheory #neo-chartalism #berniesanders #chartalism #austerity #economics #Post #mmt

Modern Monetary Theory: the economic basis for expanded social spending and greater shared prosperity https://boingboing.net/2018/01/08/neochartalism.html #modernmonetarytheory #euthanizingrentiers #guillotinewatch #neo-chartalism #berniesanders #chartalism #graeber #piketty #Post #debt #mmt