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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
Rare and old footage of Native American drumming from 1894
Easy to get in flow, hard to stay in there. Solution?
Cutting edge science is backing up ancient wisdom.
A game to play with friends to understand your strengths and weaknesses
A commentary on the role words play in our society.
Expect $100 and $20 will only feel like losing $80
Of The Night Sky, Of The Lilacs Sprouting
One of my fav playlists.
I had written this a few years ago but just now got it recorded...
Daniel Kottke (original Apple employee), Steve Jobs, and LSD
Before he became a billionaire, this is what he looked like