Being backed by real things isn’t always great for a currency. A lot of the value in the economy is from the transformative effects of labor, not just rare metals.
207 billion is insane, but if this money was being moved around by the mass of people or their legitimate representatives rather than shareholders and VC investors gambling on the next big thing, that would stand a chance of laying to rest this kind of reckless waste.
Being backed by real things isn’t always great for a currency. A lot of the value in the economy is from the transformative effects of labor, not just rare metals.
207 billion is insane, but if this money was being moved around by the mass of people or their legitimate representatives rather than shareholders and VC investors gambling on the next big thing, that would stand a chance of laying to rest this kind of reckless waste.