Thanks to Jim and Nathan for the very illuminating discussion. It seems that Ingham wants to show that since money is produced in and through essentially social and political relations of credit and debt, its creation and allocation should be subject to open political and social struggle. The problem that I have is that there is little discussion of what the structure of general commodity relations produced by means of wage labor for the purposes of profit implies for the nature of money and its production. Another question I have is whether inflation targeting should be understood as an ersatz commodity money.
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