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Money is just a useful abstraction to get economic exchange to happen more easily. So long as the money supply is vaguely in line with the demand for real goods
by ls612 7y ago
Money is just a useful abstraction to get economic exchange to happen more easily. So long as the money supply is vaguely in line with the demand for real goods and services the details don’t matter too much.
- carlivar 7y agoAs long as the government can keep spending more every year, everyone is happy. This will apparently work forever. Best not to ask questions about how this affects the poor that don't have inflation hedges such as real estate or stocks.
- newguy1234 7y agoThe poor can easily get those things as well, especially with apps like robinhood that make buying stocks easier than ever. Also you have cryptocurrencies now that can basically be purchased in seconds.
- XorNot 7y agoUnless GDP growth is 0 then yes it can.