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Let’s say you have an economy of 100,000 units of work done in a year and thus is backed by a fixed supply of $100,000 You do enough work for 1/100th of the ec
by chgs 2y ago
Let’s say you have an economy of 100,000 units of work done in a year and thus is backed by a fixed supply of $100,000
You do enough work for 1/100th of the economy and receive $1000. You keep this in a box and do nothing for years.
In years time the work done in the economy is 1 million units, but money hasn’t changed. Your $1000 can no purchase 1:100th of the economy you haven’t built, or 1,000 units of work
You receive 900 units of work for free.
That’s immoral.
- kortilla 2y ago> That’s immoral. You’re gonna need to back this up with some reasoning. That’s exactly how every asset works when demand outpaces supply.