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From a global perspective maybe, from the spender's perspective any currency can only be spent once. Whether you obtain a car by spending your bill or obtain g
by remram 4y ago
From a global perspective maybe, from the spender's perspective any currency can only be spent once.
Whether you obtain a car by spending your bill or obtain gold by redeeming your bill... you gave your bill in exchange for the good.
- eru 4y agoThat's an interesting perspective to consider. From an individuals perspective, there's a difference between letting my money sit under my mattress or letting it accumulate interest in an account. I can only spend it once in the end, but the money did different things for me while I was still waiting and deciding.