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by _heimdall 699 days ago
The only tweak I would make is to disregard financial assets as assets in this context. Holding money isn't really that different than holding IOUs for a share of stock that you'll never actually own.

If a person is really does view money as smoke and mirrors, and is concerned that it can be printed whenever it's needed, tangible assets like land or tools at least useful if you no longer see value on money.

That said, I'm not advocating for that view necessarily and very much agree with your take here. People do seem to be losing faith in money, at least a bit, and that can be very dangerous if the faith continues to erode.