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Principles of Liquidity | The Twilight of Gold Series | Episode 8 (WiM166)
The "What is Money?" Show
The Money Supply Is Always Zero Sum, Right?
People get locked into thinking a certain dollar value is assignable to a certain type of asset, right? Right? We think a nice home in the us, to days, like, what, a million, two million bucks, something like that. El, but it's all arbitrary, ultimately. The more money i have, the less you have, right? That's, that's obvious. I'n bit coin, but also true even with dollars,. When we increase the number of dollars, whoever's getting those dollars is taking purchasing power from other holders of dollars. But that's the money supply. People confuse the money supply with the purchasing power that time represents.
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