2 ms·
The money represents real resources. Printing more of it doesn't make more resources, it just moves some power over the allocation of those resources to the gov
by rcxdude 3y ago
The money represents real resources. Printing more of it doesn't make more resources, it just moves some power over the allocation of those resources to the government printing it.
- zerodensity 3y agoMoney has not been backed by resources since the 1970s.
- rcxdude 3y agoI know there's no defined relationship to any specific resource, but that doesn't change the fact that money is an abstraction.