- cross-posted to:
- socialism@lemmy.ml
- breadtube@lemmygrad.ml
- cross-posted to:
- socialism@lemmy.ml
- breadtube@lemmygrad.ml
A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.
A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.
As the amount of currency approaches infinity, the value of the currency approaches zero
Which is bad if you have a lot of money, but not so bad if you have a lot of debt and can still sell your labor and its produce.
But also bad if you have pay for things like food and shelter. Then you are just bartering which is less efficient than having actual currency. You can’t buy or sell someone half a haircut.
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That’s not how infinity works. It’s not a number you can ever reach. It’s not a number at all really. It’s more a set of all numbers.
The value of the currency will never approach zero.
It’s called a limit and it is very much coneptualized in math.
A limit isn’t infinity though. Infinity has no limit. Its the oposite of a limit.
However high you may count, there is still infinitely more you could count. And an infinite number of fractions between each and every number you counted. And all of that is included in infinity.
That’s the technical language used to refer to a limit. Take it up with a calculus book
Well, the books just going off of Sr Thomas Calcula, so really you should blame him.