@WindBantu @Breedlove22 Money is time. I trade my time to earn your money. I use that money to buy food so I don’t have to spend time to hunt/gather/build. We all value our time independently and trade our time for goods/services. Energy is time too! More energy = faster productivity. Money=energy=time
Maybe I’m wrong, but if GDP goes to 500 Trillion like he predicts, that means either more money is printed, or less people are saving and spending their money instead. In either case, that results in the smart people seeing 1 of 2 things.
1. debasement is happening, so I must save.
2. Everything is getting cheaper so rapidly, so saving is the smart move.
How does GDP grow if people are saving?