The original idea for fiat money was a coupon for how much value you‘ve added to society. The average person puts an average amount of lifetime into their work without overshooting the amount of value adding to society and so gets an average mount of money for doing so.
When inflation happens, it makes the until now spent amount of time wort less than before. If you “do inflation“ long enough, its basically like devaluing of a bunch of life-time-worth of effort. Basically like killing a human but without actively killing the person. Just erasing their time from them and taking it to you, the one who inflates the monetary system.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments