“Under a free market with sound money, savings appreciate in market value over time, and individuals have the freedom to work or not, and to ask for any wage they want. Employers also have the freedom to pay any salary they want. In such a world, with savings appreciating, it is perfectly rational for many to forego employment. A worker who cannot find employment at a prevailing wage is simply unable to find someone who values the marginal revenue product of his labor at a price higher than the worker’s valuation of leisure.”

Basic Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak