2 ms·

You are conflating money and value. Value is infinite, e.g. compare the world today to 200 years ago. Even relatively poor people live better today than kings d

by jsbg 1y ago

You are conflating money and value. Value is infinite, e.g. compare the world today to 200 years ago. Even relatively poor people live better today than kings did then. Creating value is not the same as printing money.

ccortes 1y ago
Would we live with the same standards today if we had never printed any money?
- jsbg 1y ago
  arguably we would have better standards because it would mean less spent on wars, which are pure destruction of value
h2zizzle 1y ago
Value is limited to the total possible energy expenditure of the human population and our autonamous/semi-autonamous proxies (tools, domesticated animals, etc.). It would seem practically limitless because of the scale of human industry in comparison to the energy access afforded to us by nature in it's current state, but obviously value drops commensurate with potential expenditure-destroying events. Natural disasters, war, etc. are examples, but so are things like drops in consumer confidence and labor strikes.
- jsbg 1y ago
  > Value is limited to the total possible energy expenditure of the human population and says who?
  - h2zizzle 1y ago
    I made it up, but it makes sense.
    - jsbg 1y ago
      No it doesn't. According to chatgpt about 9x as many people have lived since 1825 as there were then and the world gdp is 157x as much as it was then.