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As population grows and goods get cheaper, it can work the other way too. That can make money more scarce and more valuable. Economics is complicated. Pointing
by JoeAltmaier 6y ago
As population grows and goods get cheaper, it can work the other way too. That can make money more scarce and more valuable.
Economics is complicated. Pointing to one lever and saying "I understand the whole machine" is lazy. I call it 'playing dot to dot'. If you just draw lines between any dots you please, you can make the picture look like anything you want.
But there is a real picture there, it has lots of dots, and its worth understanding. Pontificating on the internet is not showing real understanding.
- gher-shyu3i 6y agoThat's why we also should use a bartering system to keep things in check, just like how societies survived for thousands of years. I'm not claiming to understand the whole machine, however, we know for certain there are rotten practices that make the machine unstable and also much more difficult to understand. Interest and usury are at the core, along with other things that are prohibited by Islam (e.g. selling things that you don't own and several more). Once those are removed, the system will become much more stable, fair, and better off for everyone.