Keith Evans
Jan 8, 2021

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Do you not know that "printing" money is almost obsolete and only accounts for less than 10% of the total money supply? How much does it cost to punch a few keys on a keyboard at the Fed and mark up an account to complete a federal payment? That is how money is created now and its cost is not a factor in the "value" of a dollar. In fact, the dollar itself has no intrinsic value and is simply a unit of measure, much like inches or yards are used to measure many commodities.

One doesn't ask how many "inches" a board costs because its cost is measured in units of dollars in relation to its physical dimensions which are measured in inches/feet/yards. The dollar is simply a unit of measure that allows one to relate the cost of the board to other commodities, such as one's labor.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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