The Amazing Ways Science Inspires Empathy
22 Timeless Life Lessons From Children Stories We All Love
Life Pro Tip: Stop Reading New Books
The Spiritual Nature of Virtual Reality
Micro-Dosing: The Revolutionary Way of Using Psychedelics
Terence Mckenna – The Purpose of Psychedelics
Same Day Cash Loans Today Any Purpose Money
“I Am HAARP” – Power of the Human Mind
Nahko Bear (Medicine for the People) ღ Aloha Ke Akua
The Universe knows what you need (Life is a Journey)
Ignite the world
I don’t want to be human…
Wealth is archaic
Why not take a chance?
submitted by Jordan Lejuwaan
Please, please, take a basic economics course for free online. Most of us hold backwards false thoughts on money due to to the specific exclusion of economics from basic “education”.
If someone hoards money, it is effectively out of circulation. This causes the total supply of circulated money to decrease and as a result increase in value.
The fact that money decreases in value due to legalized counter-fitting is a separate issue.
it is only out of circulation theoretically. Just because jim has $99 and does not spend it does not mean that the practical value of jims $1 is realistically higher it simply means that people will desire to gain a fraction of that 1% more. means nothing to the global economy.
What you’re saying is truth. But it doesn’t make the image false. Imagine 100 guys, and each one have a gold coin. If somehow one guy manages to get 80 gold coins and keeps it from circulation, there will be 99 guys struggling for the other 20 coins. Now tell me that that ain’t poverty.
good point @john
You must be logged in to post a comment.
Get your weekly thought-provoking emails!