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> if the government prints money to build infrastructure, where does the value they've added come from? From the labour of the worker. Notice that does not dep
by HourglassFR 6y ago
> if the government prints money to build infrastructure, where does the value they've added come from?
From the labour of the worker. Notice that does not depend on where the money comes from in the first place. In our economic models, value always come from human labour (or capital, which is crystallized labour).
But of course those models are lacking, crucially they implicitly consider natural ressources as infinite, a fine assumption to make in the 19th century but is now quite ludicrous.