re: #390 FemNaziBitch

What I don’t get is the that the capitalists will tell you that wealth can be pulled from thin air i.e. that it is limitless. Then the same people will want to tell you we need the gold standard —gold which is finite.

Am I understanding this correctly? There is a definite conflict of ideas here.

There are two different things at work here. The first is best explained by the labor theory of value.
en.wikipedia.org

The second is undermined by the simple reality that all money is fiat money - that is it’s money because a group of people has agreed to use it as a medium of transfer. Nothing has inherent value - not even gold or any thing else that has be used as specie. The fantasy that something rare has inherent value beyond the labor needed to produce it has been used as a way to preserve wealth in the hands of a powerful minority.