hylomorphic on Nostr: when the government prints new dollars, they have no value in them. they are ...

when the government prints new dollars, they have no value in them.
they are exchanging those empty dollars with other people for real value.

if people didn’t accept printed money from the gov, it would never be injected into the economy.

if they didn’t exchange their value for fiat, fiat wouldn’t be money.

since people treat dollars fungibly, the empty dollars siphon out the real value contained in all the dollars already in existence.
the value equalizes across all containers.
that’s the “inflation” due to monetary debasement

my point is that if the gov prints dollars and you sell them your sheep, that is real and not just a perception in anyones head.
the value you created with your sheep, was exchanged for an object that now contains real value.


yes, perception, our subjectivity plays a part in our actions, but it does not negate the reality of objective consequence. it does not make it “all in our head” or “held together by perception”