The contortions embedded into our money system guarantees that few people will be able to comprehend what goes on behind the dollar bill in their hand. The complexity makes for easy plucking. As you say, there really is no link between money and wealth, but I think it is because there is so very much wealth in our modern society, the money we use is supported by it. I consider the wealth in a society to be imbedded in the knowledge and in the productive enterprises built on that knowledge of how to create both the goods and the services that human being value and will expend their effort to acquire.
When you point out the disparity in opinions as to the amount of fiat money that would be created in a truly free market system, you raise food for a very interesting discussion.
The contortions embedded into our money system guarantees that few people will be able to comprehend what goes on behind the dollar bill in their hand. The complexity makes for easy plucking. As you say, there really is no link between money and wealth, but I think it is because there is so very much wealth in our modern society, the money we use is supported by it. I consider the wealth in a society to be imbedded in the knowledge and in the productive enterprises built on that knowledge of how to create both the goods and the services that human being value and will expend their effort to acquire.
When you point out the disparity in opinions as to the amount of fiat money that would be created in a truly free market system, you raise food for a very interesting discussion.