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Money is legitimately nothing. It does not mean anything, and it does not do anything. All it is is a symbolic claim on energy, labor, and resources. Everyone is bemoaning the fact that things are getting more expensive. What is actually happening is that the money is getting cheaper. Much cheaper. We are not experiencing a shortage of goods, but a surplus of claims for those goods. How many untold trillions of dollars, euros, yen, yuan, pesos, etc, have been added to the money supply since 2008? Since money is nothing more than a symbolic claim on real things, the more claims there are in existence, the less value each claim has, and the more claims it takes to acquire the same amount of resources, energy, and labor. Digits on a screen, or colored pieces of paper with a number and a picture of a dead guy are not real wealth. Central banks can print all the fiat currency they want, but they cannot print even one drop of oil, or one morsel of wheat.
Money is legitimately nothing. It does not mean anything, and it does not do anything. All it is is a symbolic claim on energy, labor, and resources. Everyone is bemoaning the fact that things are getting more expensive.
What is actually happening is that the money is getting cheaper. Much cheaper. We are not experiencing a shortage of goods, but a surplus of claims for those goods.
Money is a medium of exchange. If there were nothing to exchange, money would be worthless. It replaced barter in civilized countries several millennia ago.
The only way money can be considered to have a price is interest. That's how much you pay to use someone else's or get when someone else uses yours. Interest rates are increasing so money is getting more expensive not less by that measure.
And yet, the wages are still the same. Funny how that is. Everything going up except the worth of someone's time.
That is because working people have no bargaining power.
Working people have the “choice” between two bad options: spending their whole lives making other people rich, or dying on the street. The whole global economic system if based on that fundamental principle. It’s the extraction of a person’s labor value via grossly-unequal bargaining power.
It’s the exact same dynamic at work during an armed robbery. The person with the power (gun) extracts the labor value (money, jewelry, or whatever) from the person without the power.
This is why business owners are terrified of organized labor and will do almost anything to stop it. The wealthy do not want to lose their position of power over their employees, which allows them to capture the value of their employees’ labor.
That is because working people have no bargaining power.
Working people have the “choice” between two bad options: spending their whole lives making other people rich, or dying on the street. The whole global economic system if based on that fundamental principle. It’s the extraction of a person’s labor value via grossly-unequal bargaining power.
It’s the exact same dynamic at work during an armed robbery. The person with the power (gun) extracts the labor value (money, jewelry, or whatever) from the person without the power.
This is why business owners are terrified of organized labor and will do almost anything to stop it. The wealthy do not want to lose their position of power over their employees, which allows them to capture the value of their employees’ labor.
There is a 3rd "choice" & that is the one I chose....start your own business. After 20 yrs of toiling for 3 different Fortune 500's in low to mid-level management jobs, I started my own company.
Over the next 20 years I made ~3x what I was making in corp America, and semi retired in my late 50's.
I tell every young person I know to start theri own business. Its doesn't always take a lot of money like most think.
Agree..it's the value of the dollar that is falling so we need more dollars.
Thank the Federal Reserve for flooding the country with $15 trillion of "created" money from nothing.
And those smart *sses at the Federal Reserve thought it would only cause 2% inflation and told us not to worry.
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