melvincarvalho on Nostr: No, that's not quite right. Money has both an inflationary and deflationary aspect. ...
No, that's not quite right. Money has both an inflationary and deflationary aspect. It has a life cycle. Money can be both created and destroyed.
When I incur debt it is created. When I pay it back, it is destroyed. When I default it is destroyed. I can pay back debt with worh in lieu of my debt, if I dont have ready cash.
The system has both stable states and unstable states. There is a theory that stability is destabilizing, too.
Published at
2024-11-22 16:42:02Event JSON
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