> There really is no such agreement, it is a belief system.
If everyone believes it, do they not agree on the same thing?
> And you know that "the majority of the population" has had no say in monetary policy, nor do they understand it.....
I never said they did. It doesn't change the fact that most people still value $1 the same amount.
> If the money value is the will of the people
I never said it was their will, I said they mutually agree to it's value.
> then when did the majority decide they wanted to have high inflation and even hyper inflation?
They didn't. The value of money (or anything) may go up and down over time, for any reason. But in a single moment most people will agree to the value of $1.
But anyway, back to my only point, since you think money is worthless, why don't you give all your money away? Why are you keeping it?
So until you give all your cash away, and transfer all the money in your bank accounts to someone else's bank account, you will remain a hypocrite.
If that's what you're stuck on, I'll gladly let you stay mentally stuck there.
> So until you give all your cash away, and transfer all the money in your bank accounts to someone else's bank account, you will remain a hypocrite.
Except for short-term liquidity you can be damn sure that I don't keep any fiat money in my possession, and neither should anybody else. That's why the stock market keeps going up, everybody wants to get rid off inflation currency as quick as they can.
I guess my incredible hypocrisy is much worse than the geriatric rulers completely destroying the wealth of their nations in less than a generation by enslaving young workers with their fake monetary system.
If everyone believes it, do they not agree on the same thing?
> And you know that "the majority of the population" has had no say in monetary policy, nor do they understand it.....
I never said they did. It doesn't change the fact that most people still value $1 the same amount.
> If the money value is the will of the people
I never said it was their will, I said they mutually agree to it's value.
> then when did the majority decide they wanted to have high inflation and even hyper inflation?
They didn't. The value of money (or anything) may go up and down over time, for any reason. But in a single moment most people will agree to the value of $1.
But anyway, back to my only point, since you think money is worthless, why don't you give all your money away? Why are you keeping it?
So until you give all your cash away, and transfer all the money in your bank accounts to someone else's bank account, you will remain a hypocrite.