Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

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We keep measuring everything's value with something that continuously loses value over time (lemmy.world)

submitted 7 months ago by [email protected] to c/[email protected]

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It's becoming really annoying.

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[–] [email protected] 2 points 7 months ago

Problem with money is that money only have value when people are willing to exchange money for goods and services.

The moment that exchange stops, value of money plummets.

A very good analogy I saw in Charles Stross’ “Neptune’s brood” is that money is a concrete representation of an abstract debt. Exchange materializes that debt into a trade, which is where valuation happens. I’m pretty sure I just made a lot of economists justifiably angry though