3 ms·
> ever-growing floods of make-believe money Does there exist any other kind of money? > removing what little real value still exists Care to elaborate how an
by tasuki 7y ago
> ever-growing floods of make-believe money
Does there exist any other kind of money?
> removing what little real value still exists
Care to elaborate how an influx money should remove real value that exists? Isn't the relation between influx of money and real value a relatively loose one?
- ciconia 7y agoHow? Central banks are essentially buying stock. The aid given to "normal" people is peanuts in comparison. This will further tip the balance between rich and poor, capital and labour. Lots of people lost their jobs, the value of labour is taking a nosedive. But yes, your are of course right. Money has no intrinsic value.