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If you go and paint somebodys house, how many house paintings does society owe you afterwards? In the Fiat system, you cannot preserve your "house paintings".
by ArtTimeInvestor 3y ago
If you go and paint somebodys house, how many house paintings does society owe you afterwards?
In the Fiat system, you cannot preserve your "house paintings". When you paint an old mans house when you are young, you can't get your house painted when you are old by cashing in your savings from that house painting in your youth.
In a system with a stable currency, you can.
As Warren Buffet once said, a dollar from his youth isn't worth a penny today.