What is the technical impact on money if I buy a strictly non-productive asset incapable of generating any use-value? Or buy a productive asset and willfully destroy it? I move money from A to B without building wealth. Is “moving money creates wealth” a design assumption?
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Yes they do. Convenience, reduced burden of book-keeping leading to freed up cognitive resources.
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One perspective is that value of a single unit of a country’s currency equals value of every asset divided by units of currency in circulation.
When you destroy productive capacity, value of currency declines by a trillionth (decline is spread out among all units).
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Reminds me of the scene in Brewster's Millions where he buys an expensive rare stamp and uses it to mail a postcard.
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Christmas is technically a massive value sacrifice. Just with money instead of burning cattle or whatever.
A gift is something you wouldn't have bought for yourself. That means you value it less than the price paid. Value destroyed.




