3 ms·
Why is shiny rock more real than pretty paper? It's all a collective hallucination
by mark_edward 10y ago
Why is shiny rock more real than pretty paper? It's all a collective hallucination
- jacalata 10y ago"hard assets" means "things that people would want even if the bank that gave them out collapsed". People wanting shiny things is seen as a more reliable collective hallucination than any specific economy.
- paavokoya 10y agoNo, shiny metal has a (mostly guaranteed inflation rate/cannot be printed carelessly) finite supply. Paper (now mostly digital) currency does not.