3 ms·
Honestly I don’t get the “gold standard” thing - why is the number of factories built on an arbitrary piece of land got to do with whether an asteroid hit the p
by lifeisstillgood 3y ago
Honestly I don’t get the “gold standard” thing - why is the number of factories built on an arbitrary piece of land got to do with whether an asteroid hit the planet a billion years ago.
- npoc 3y agoAssuming that you're asking why we need a relatively fixed quantity of money, then you need to consider what happens to the value of the money in our savings accounts, wages, pensions etc when new money is created. And secondly, by what means or effort is this new money created? Is it done fairly (i.e. through performing work of equal value) or is it created to the advantage of those having the power to create it (therefore making them unjustly even more powerful)?