5 ms·
Perpetually unspent money is as if that money was burnt. You're effectively donating it pro rata to all the other holders of cash.
by hackerlight 4y ago
Perpetually unspent money is as if that money was burnt. You're effectively donating it pro rata to all the other holders of cash.
- rebelos 4y agoYup. I should have noted this in my comment. That is an excellent way to conceptualize it.
- bombcar 4y agoThis is why Scrooge McDuck’s money bin is deflationary unless he were to spend it (a Barks comic covers this https://inducks.org/story.php?c=W+WDC+126-02 https://inducks.org/story.php?c=W+WDC+126-02 )