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rcxdude
1068 days ago
The money represents real resources. Printing more of it doesn't make more resources, it just moves some power over the allocation of those resources to the government printing it.
1 comments
zerodensity
1068 days ago
Money has not been backed by resources since the 1970s.
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rcxdude
1068 days ago
I know there's no defined relationship to any specific resource, but that doesn't change the fact that money is an abstraction.
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