tag:blogger.com,1999:blog-1071098089153600904.post1012178024138977802..comments2023-11-02T07:31:47.448-04:00Comments on Austrian Economics and Literature: Speculations about BaudrillardTroy Camplinhttp://www.blogger.com/profile/16515578686042143845noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1071098089153600904.post-29139713373208979702011-12-01T16:49:57.701-05:002011-12-01T16:49:57.701-05:00Is it a subjective theory of value he is talking a...Is it a subjective theory of value he is talking about, or inflation? Once money is decoupled from its sign -- gold, silver, etc. -- we get monetary manipulation, inflation, etc. We get the situation where words mean exactly what we want them to mean, no more and no less (to paraphrase a line from Alice in Wonderland). The result is our signs and symbols, freed from their signifiers, can be manipulated at will by those with power. Fiat money is a hyperreality. The consequence is those with power control the value -- which is different from the value being subjective. It can be inflated and, thus, the value reduced. That is perhaps what has happened to the humanities in general, and poetry in particular?Troy Camplinhttps://www.blogger.com/profile/16515578686042143845noreply@blogger.com