Money Stabilization

1 year ago

https://mrdevinney.com/money-stabilization/

It’s very common to hear price level, basket of goods, and other terms that don’t work well for the value of money. Many will say money is like a ruler, but this is a bad analogy. This implies the ruler can be used for multiple people. The value of money is based on acting individuals. One individual’s “ruler” can’t be used by another. The analogies and metaphors can’t be used for the value of money. The value is always subjective.

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