3 ms·
The current economic system would collapse if people started saving their money significantly more. Money isn't a resource like canned food or barrels of oil th
by jampekka 3y ago
The current economic system would collapse if people started saving their money significantly more. Money isn't a resource like canned food or barrels of oil that can be stored to prepare for the future. You can't eat money.
Money is a claim for resources that mostly don't yet even exist. To make use of money somebody has to do the labor and extract the resources to produce something useful.