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