The Poor Economy ©M7C 2025
Every single Dollar is a fraction of the whole. If you print $10 Ten Dollars, then the value of that $10 is more than if you printed $1000, which is 1/1000 fraction of the value of the Dollar. If someone has $500 Quadrillion Dollars and they want to spend their money, they would bankrupt the Economy by spending $1 once their money is in circulation. This is why if you are a Govt. you don’t want Rich People or Billionaires.
Dollars are Credit Notes Only. They are promises to pay later because hard currency (Gold, Silver, etc.) is not readily available. You can print infinite amount of Credit Notes, you would just be in debt infinitely. It doesn’t make you wealthy to own Credit Notes (“USA Dollars”). If you are a Billionaire you are actually Poorer for every Note you own.
Maybe this will earn me a Nobel Prize for Economics? – Mike Costa.
©M7C 2025
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