added by sari · updated 2y ago
How money works - Inverted Passion
- The consequence of more stuff available in the world and more money available in the world is that anything that’s rare and valuable becomes astronomically more expensive.
from How money works - Inverted Passion by Paras Chopra
sari added 3y ago
- However, also remember that the amount of stuff is not finite in the world. In fact, technology has a commoditization effect. It makes more stuff available and hence has a deflationary effect.
from How money works - Inverted Passion by Paras Chopra
sari added 3y ago
- Remember: money is nothing but a medium of exchange. It’s a commodity whose utility is in granting you purchasing power. If amount of stuff remains finite in the world, more money will equate to less purchasing power (over that stuff). And whoever controls the supply of purchasing power will do it for their own benefit.
from How money works - Inverted Passion by Paras Chopra
sari added 3y ago