Another banger: Just as a stock certificate is title to company property, money is title to human time. People sacrifice their time for money, expecting to trade that money in the future for the time sacrifices of others. When central(ized) banks breach trust by printing money – destroying the savings, and dignity, of the innocently trusting billions of people who had not exchanged their savings for a valuable hard asset – they steal time. Gruesome. View quoted note →

Replies (3)

Enronpaul's avatar
Enronpaul 0 years ago
Not to be too picky… but money is a store of value, not a store of time. It’s not a title to human time, but it is a title to the value someone is willing to give in exchange for anything. Products, charitable pursuits, work, time spent, knowledge shared, etc. Money allows us to exchange what I value for what others value indirectly and efficiently.
Sure, I think your statement is also true. At the end of the day that “value” that we assign to monies can be interpreted in many forms. I love the analogy by @Michael Saylor of #Bitcoin being “energy through time” with the ability of being able of “spending” that energy in the future with a higher value
Enronpaul's avatar
Enronpaul 0 years ago
Yeah. As a student of the Austrian School, I tend to be very picky with exactly how I frame these things. I love the analogies that you’re mentioning as well.