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In what way is money not a resource at all levels? There's a finite supply of money that can be added to, taken away, allocated, or fluctuate in its price acco
by allemagne 5y ago
In what way is money not a resource at all levels?
There's a finite supply of money that can be added to, taken away, allocated, or fluctuate in its price according to any other arbitrary unit (i.e. dollars in terms of euros, or in terms of baseball cards, or pounds of steel).
Just like legal entities or "social liquidity", the supply and allocation of money is an ultimately imaginary thing that nonetheless exerts real world influence on how many other resources and products are created.
- zardo 5y agoThe only hard constraint on the creation of money is that you have a ledger big enough to keep track of it.