Jack Mallers
Tetragrammaton with Rick Rubin
00:00
Debasing Currency Debases Society
The value of currency is directly tied to the goods and services it can represent. When more currency is printed without a corresponding increase in goods, the real value of the currency decreases, resulting in inflation. This inflation signifies a reduction in purchasing power, as more money now equates to the same amount of goods. Money symbolizes our time and energy invested in work, effectively acting as a medium to store and exchange these contributions to society. When a government inflates the currency, it indirectly diminishes the value of individual contributions, debasing the worth of both the currency and its holders.
Transcript
Play full episode
