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by LudwigNagasena
507 days ago
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> How many shares of SPY does a car cost? Before you answer that, you cannot convert any value of this into currency first. I certainly can't answer it! How many wons does a car cost? Why would I know it? You seem to keep missing the point that the unit of payment doesn’t need to be inflationary. And that there is no magical requirement for it to be a temporary store of labor value. > Rich people are paid in cash. You confuse a store of value with a unit of account. > If I get a $500 bonus from work and immediately buy a few shares of AAPL, there's no fundamental difference between that and me getting a $500 stock grant of AAPL. Ok? If there is no fundamental difference then how is swapping one for another supposed to bring an economy to a halt? |
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