Just so we’re clear for anybody else reading since they chose to ignore the easy refutation lol.
That the money is still present in the economy and provides jobs to hundreds of thousands of people in the supply chain both through sales, materials production, assembly, and labor, entertainment, and local economy boons from festivals.
What represents the value of money? What you can buy with it. What determines what you can buy with it? The total capital stock available and the services offered through labor.
This part of the capital stock is gone. Literally into smoke.
Money is not some abstract independent entity. Its value is directly linked to the real production of the real economy.
Just so we’re clear for anybody else reading since they chose to ignore the easy refutation lol.
That the money is still present in the economy and provides jobs to hundreds of thousands of people in the supply chain both through sales, materials production, assembly, and labor, entertainment, and local economy boons from festivals.
I also wouldn’t mind the 💩 talk lol.
What represents the value of money? What you can buy with it. What determines what you can buy with it? The total capital stock available and the services offered through labor.
This part of the capital stock is gone. Literally into smoke.
Money is not some abstract independent entity. Its value is directly linked to the real production of the real economy.