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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.
Paras Chopra • How money works - Inverted Passion
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.