Resumen

CUEVA, Marcos. An Approach to Currency and Crisis. Prob. Des [online]. 2014, vol.45, n.178, pp.163-180. ISSN 0301-7036.

This work demonstrates how two functions of currency, its measure of value and its role as a means of release from debt, have been weakened. Currency no longer has labor as a visible model, nor can it adhere to exchange, leading to debt and reciprocal obligations. The measure of money is thus lost and its representation of value is altered or no longer exists; it tends to depend on a status determined by its purchasing capacity. This change, which is also related to confidence in and the power of money, consists of disregarding the debt surrounding the currency and exclusively prioritizing the realization of benefits. This phenomenon dates back to the subordination of the major international currency to private interests, which now seem to be the general will.

Palabras llave : Currency; monetary history; monetary system; money; theoretical framework.

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