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Any economists out there - question
3 watchers
3 Feb
4:50pm, 3 Feb 2021
55639 posts
|
GlennR
You're not wrong, 3M, but the system has its own constraints. A government can create as much money as it wishes, but if the fundamentals don't add up then it can quickly end up going Zimbabwe. Puzzler's post and the associated blog are making that point. It's worth noting that money is never 'real'. Gold has no economic intrinsic value. More precisely, there's an underlying value there somewhere, reflecting its use in electronic devices and what have you, but that is completely swamped by the demand from people using it as a save haven. There's no more substance to it than there is to Bitcoin. |
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