Post #15466 by bighairymike on the US Policy board

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>>“Money has no value until its purchasing potential is unlocked”.<<

Absurd. Money is both a store of value and a medium of exchange. If I am a billionaire and my underlying assets are appreciating at 15% per year, and I can get a loan on those assets at 5% a year, I could live like a king on nothing but debt. Zero income, zero taxes, and all the Net Jet miles borrowed money can buy. - Phoolish

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By that line of reasoning, potential energy and kinetic energy are the same thing...

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