It's not that there is no money in the economy. It's that so much of it is held by so few people, there isn't enough left to sustain the motion. The cycle grinds to a halt. The whole point of having money is to move goods and services more efficiently than barter. This only works if the money is spread around enough for people to use it. If they can't get it, then it might as well not exist. People have to fall back on other methods of meeting their needs, and the big engines of commerce just run out of gas.
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- Elizabeth Barrette (
ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith
- Mood:
busy
Shipping Is Stalled
It's not that there is no money in the economy. It's that so much of it is held by so few people, there isn't enough left to sustain the motion. The cycle grinds to a halt. The whole point of having money is to move goods and services more efficiently than barter. This only works if the money is spread around enough for people to use it. If they can't get it, then it might as well not exist. People have to fall back on other methods of meeting their needs, and the big engines of commerce just run out of gas.
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