The Boundaries of Wealth: Exploring the Consequences of Money
From an individual standpoint, money grants us freedom. With wealth, we can pursue our desires, indulge in exquisite meals, and traverse the world at will. The more money we possess, the greater our freedom and the luxuries we can afford.
However, it is crucial to recognize that freedom is not synonymous with money, for one simple reason: liberty is finite. Time, the essence of personal freedom, is book-ended by birth and death.
While the value of a dollar is derived from exchanging it for someone else’s time, the initial creation of currency aligns with the concept of the “greater fool” theory. We willingly trade our time for pieces of paper or digits on a screen, believing in their value and utility.
Once the currency becomes the be-all, end-all, the game is straightforward: strive to amass, take, or print enough to ensure that others work for you.
If the faith in the currency remains strong, people will willingly offer you their freedom in exchange for your capital. They will mix your drinks, build your houses, or extract minerals for your devices. By generating passive income, you create a…
