Nobody defines the value of money, that's what I'm saying. Even without idiot central bankers, money increases or decreases in value due to new gold/silver mines, and on the geographic area based on trade and the local economy.
The zeros may be the same on your $100 bill, but it buys less goods in desirable locations and more in undesirable locations. You want to know the surest sign that a place is wealthy? It's takes wealth to live there, and that's not a tautology.
Nobody defines the value of money, that's what I'm saying. Even without idiot central bankers, money increases or decreases in value due to new gold/silver mines, and on the geographic area based on trade and the local economy.
The zeros may be the same on your $100 bill, but it buys less goods in desirable locations and more in undesirable locations. You want to know the surest sign that a place is wealthy? It's takes wealth to live there, and that's not a tautology.