Post by pxl

1F5pti…gQC3 Key · twetch
Reposted
Chase ✪ 3.5y

Wealth is an illusion created by the monetary system. Money is not reality, but rather a societal convention used as a token to facilitate trade. The value of money comes from the trust placed in it by the public through interacting with the monetary system. The supply of money can thus be inflated or deflated, and governments are the ones that control the supply. The only limit to total money supply is the availability of the natural resources and labor which it can buy.

*when money is being defined as fiat currency

What the chain says
Block
788 026
Time
2023-04-17T16:35:22Z
Signer
1F5ptiZEJyLKxrJ12i11igzEiQsmdogQC3
App
twetch
Type
repost
Content type
text/plain

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1F5ptiZEJyLKxrJ12i11igzEiQsmdogQC3 Verified