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> money would be worthless if everyone stopped caring about it. Sure, on the surface this is easy to understand. But what might it look like for such a process
by dwaltrip 10y ago
> money would be worthless if everyone stopped caring about it.
Sure, on the surface this is easy to understand. But what might it look like for such a process to unfold? How do the fundamental dynamics and primary characteristics of a money system change over time, and why?
Honestly, I can't really answer those questions in any kind of sophisticated way. A lot of discussions involving the Fed and broad macroeconomic policies feel fairly hand-wavy to me.
Sure, the basics of runaway inflation caused by reckless money printing is not too hard to understand. But that's just one of many scenarios.
- arithma 10y agoIf everyone became a plant feeding off the sun, we won't "need" money, greatly reducing its value at least.