People can transfer money back and forth to one another (that is, increase velocity) without increasing any motivation for savings. That means that the value doesn't go up and you shouldn't buy more. Value is what makes people want to save.
Post by twetch#1489
If it doesn't increase GDP it doesn't increase velocity.
What the chain says
- Block
- 633 946
- Time
- 2020-05-08T00:57:51Z
- Signer
- 1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1489
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS VerifiedReplies (3)
GDP is a scam!!!
Maybe doesn’t rise to a scam, outright.
A tool, yes. Abused? Sure.
All sorts of rubrics become attractors in capitalist systems; that’s the point, right?
So we need to ‘be the wiser’ + shepherd our use of old + new tools .. vs succumb to their tendencies.
Maybe doesn’t rise to a scam, outright.
A tool, yes. Abused? Sure.
All sorts of rubrics become attractors in capitalist systems; that’s the point, right?
So we need to ‘be the wiser’ + shepherd our use of old + new tools .. vs succumb to their tendencies.