Quote:
Originally Posted by entruil
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Post again... too many medallions floating around...
*When was wealth last created? (if you are coming from USA then you know not for a while, they just print it, and wealth only stays the same or is Delimited)...
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Wealth is being created constantly... by trade.
The value of currency, however... fiat currency, in particular, that's a whole other ballgame.
As long as people continue to have different skillsets, talents, and resources... trade will be the primary driver of wealth creation. The cobbler has great shoes, but eats poorly, sometimes even affecting his ability to fix/make shoes. The farmer eats very well, but his shoes fall apart, his feet blister up, affecting his ability to farm. The two neighbors trade their skills and both eat well, perhaps better than before - and both have healthy feet - perhaps better than before... that's "wealth" without currency, without the extraction of any more natural resource than before the trade (more efficient use of the same materials), or exploitation of labor. Silly analogy, perhaps, but simply illustrating the concept.