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by btilly
3025 days ago
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Modify #1 to "The value of the currency is the average effort required to obtain X in wealth." That allows us to include inheritance of wealth and finding bags of gold in the street without dismantling our understanding that a given amount of money represents a given amount of effort that we can expect others to be willing to exert to acquire that money from us. And then walk through a house and look at it not as $X00,000 dollars, but rather as the amount of human work it represents. |
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