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If money is supposed to be a rough tool for measuring aggregate wealth in society, i would expect a shutdown to cause valuations and GDP to go down. If it's me
by bko 3y ago
If money is supposed to be a rough tool for measuring aggregate wealth in society, i would expect a shutdown to cause valuations and GDP to go down.
If it's meant to be a tool for control and manipule society, then yes it's a marvel that an entire shutdown resulted in asset valuations to grow by around 30% in 2021.
Trying to control the economy by manipulating money supply is like trying to control climate change by manipulating thermometers
- marcus0x62 3y agoI think it is supposed to be a tool to allow people to exchange goods and services without resorting to barter.
- ethanbond 3y agoMoney is not supposed to be a rough tool for measuring aggregate wealth in society. Hope that helps clear things up.