3 ms·
But that's.. literally what money is. 1 dollar is a dollar to every person aware of a dollar. What you're talking about is what the PROMISE of a dollar right n
by cmehdy 6y ago
But that's.. literally what money is. 1 dollar is a dollar to every person aware of a dollar.
What you're talking about is what the PROMISE of a dollar right now in some hands can be, in which case you're not solely putting value on the dollar bill in my hand but on the value created by my person in your belief - which is where people get to disagree and think whatever they want. And be right and win big, or be wrong and lose big, and anything in between.
It doesn't change the fact that whether the promise is mine or some other person's, when you give us a dollar it's a dollar to either of us. What we're making of it is the added value from human contribution at t+1 (and on and on).