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Money is primarily measuring of how much their time other people were willing to sacrifice for the service or goods offered by the subject.
by t0suj4 4y ago
Money is primarily measuring of how much their time other people were willing to sacrifice for the service or goods offered by the subject.
- sokoloff 4y agoWarren Buffett's short interview snippet agreeing with that point: https://www.youtube.com/watch?v=Et7IVFOhtIE&t=131s https://www.youtube.com/watch?v=Et7IVFOhtIE&t=131s From the same interview, he shares some thoughts on reasons for a debtor country to strongly favor inflation: https://www.youtube.com/watch?v=Et7IVFOhtIE&t=408s https://www.youtube.com/watch?v=Et7IVFOhtIE&t=408s