True, but in terms of practical meaning, money is a proxy for time invested with beneficial outcome. If money increases in value over time, while the beneficial outcomes lose value (spoiled goods, unnecessary/obsolete services) them this creates a problem.
There could exist a hypothetical situation where nobody needs to work because all have some money saved up, but now there is no food being produced so your "saved up time" cannot buy you the necessity anymore.
anonymous
npub1wp…hku55
2024-06-28 17:35:45
in reply to nevent1q…dn5p
Author Public Key
npub1wpu33h35ufrnxdhwmy82s3l3nk682xm3whvfxepxsjn24t6dnn8q0hku55Published at
2024-06-28 17:35:45Event JSON
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"content": "True, but in terms of practical meaning, money is a proxy for time invested with beneficial outcome. If money increases in value over time, while the beneficial outcomes lose value (spoiled goods, unnecessary/obsolete services) them this creates a problem.\nThere could exist a hypothetical situation where nobody needs to work because all have some money saved up, but now there is no food being produced so your \"saved up time\" cannot buy you the necessity anymore.",
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