Comment by ericd
2 days ago
It’s squandered from the perspective of the laborers and savers, because they don’t have it anymore.
I didn’t say anything about excess money supply, though, were you responding to a different comment?
2 days ago
It’s squandered from the perspective of the laborers and savers, because they don’t have it anymore.
I didn’t say anything about excess money supply, though, were you responding to a different comment?
Money just isn't viewable with this paradigm. It's not a thing which has shortages, a fixed value, excess.
Ypur original comment spoke of, what might be best thought of as leeches on society.
But just as a leech sucks blood, so too is that blood easily replenished. Money is literally unlimited, compared to blood replenishment.
You could literally destroy 100 trillion of "money", and various US banks would just make more.
I get what you're saying, and the view of individuals in the system, but it's meaningless on larger scale.
Anyhow. Enjoy the weekend.