3 ms·
If money isn’t debt it would be for example gold. So a person could hold all the gold in the world and in this sense also the power over money. Now money is the
by bratwurst3000 3y ago
If money isn’t debt it would be for example gold. So a person could hold all the gold in the world and in this sense also the power over money. Now money is there for the transfer between values so it represents the economics
- JumpCrisscross 3y ago> a person could hold all the gold in the world and in this sense also the power over money Then something else becomes money. This has happened, in the past, when metal money was scarce. More realistically, if one person hoards a money, i.e. accumulates and doesn't meaningfully spend it, it gets taken.