Semi-Normal on Nostr: In the same way that monetary scarcity increases what can be purchased with that ...
In the same way that monetary scarcity increases what can be purchased with that money, scarcity of goods increases the amount of money those goods can "buy".
If you save when goods are plentiful, and attempt to spend when goods are scarce, you will find that your "real" purchasing power has likely declined.
Published at
2023-10-27 23:06:30Event JSON
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"content": "In the same way that monetary scarcity increases what can be purchased with that money, scarcity of goods increases the amount of money those goods can \"buy\".\n\nIf you save when goods are plentiful, and attempt to spend when goods are scarce, you will find that your \"real\" purchasing power has likely declined.\n\n",
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