i wouldnt say so, and to explain it to you simply i would give you this example: if you have 10 slices of pizza to divide among 10 people, the value of each slice would be one slice per person. if instead for some reason, there are now only 5 slices, each slice now has double the value it had before. conversely, if there were 20 slices instead of 10, the value of each slice would be lesser because there are more slices for everyone. the amount of slices creates the value of each slice, and in the same way the amount of money creates the value for money, and if everyone creates as much money as they wish, there would eventually be so much of money that it would lose most, if not all of it’s value. the scarcity of supply of money is what basically gives it its value
warsSstroke t1_j5uwroe wrote
Reply to comment by SuperBigMiniMe2 in Ask Anything Wednesday - Economics, Political Science, Linguistics, Anthropology by AutoModerator
i wouldnt say so, and to explain it to you simply i would give you this example: if you have 10 slices of pizza to divide among 10 people, the value of each slice would be one slice per person. if instead for some reason, there are now only 5 slices, each slice now has double the value it had before. conversely, if there were 20 slices instead of 10, the value of each slice would be lesser because there are more slices for everyone. the amount of slices creates the value of each slice, and in the same way the amount of money creates the value for money, and if everyone creates as much money as they wish, there would eventually be so much of money that it would lose most, if not all of it’s value. the scarcity of supply of money is what basically gives it its value