Global Feed Post Login
Replying to Avatar Semi-Normal

Completely agree with this. To over simplify... the % of the money you want to spend now roughly equates to the % of the stuff that's available to buy now.

Savers increase the spending power of current spenders by reducing the amount to be spent now, producers increase (or decrease) the spending power of money being currently spent bu producing more or less goods for sale.

If available for sale goes to 0, purchasing power of money being spent goes to 0.

Avatar
Mike Brock 2y ago

So it's an ethical claim of how the world ought to be. It's not a universal objective truth of what constitutes good money.

Reply to this note

Please Login to reply.

Discussion

No replies yet.