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Meditations On Money

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First published at 16:45 UTC on May 20th, 2024.

#meditation
#money

Apriorian

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If we were in a room in which there was a diamond and twenty men and they all wanted to buy the diamond, the price could go to any amount yet there would be no more diamonds at the end of the bidding than at the start. This seems obvious yet this obvious truth does not seem to get transferred over to the housing market or our food supply. Society, in the form of bank debt, can keep bidding up the price of things by increasing the money supply. Debt does not increase the supply of real goods and services.

LESS