Quote:
Originally Posted by kthdsn  Why is everyone so interested in accumulating such a ridiculous amount of money? Since money transferred rather than created, there is a limited amount to go around. Making that much money means you are taking that much money away from others. Why not just earn what you need and leave it at that? |
You are wrong. Money
is created, and there is not a finite amount of it.
So many people are ignorant about even the basics of modern economics, that they too share this total misunderstanding of how currency is created by banks. It is the ultimate in "scarcity thinking", as Steve Pavlina calls it. Not only do you believe that you personally can only have a finite amount of money, but you believe that your country, and indeed everyone in the world, is thus also limited. It's not true, and our country is great because our leaders have always understood this. But thinking this way as a populace is what creates depressions, recessions, and currency devaluations. It's actually unpatriotic to think this way, and it hurts the entire country.
Here's an article I wrote about how the Federal Reserve creates money, and how the concept of infinite wealth is built into the very structure of the American dollar:
[LINK]
And here's the book I wrote that goes with the article:
Solomon's Treasure: The Magic and Mystery of America's Money.
Anyone want to talk more about this? Ask me a question or make an observation. I love this topic!