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You're not addressing my post, where I tried to highlight the silliness of your earlier claims.

How does consumption "have to" match production? How do you figure "money has no value"? Now you're talking about "intrinsic value" but earlier it was just plain "value".

People save money for a reason you know. If money has no value, as you originally claimed, then there's no reason to save or possess it. If money has no "intrinsic value" that doesn't make your original claim any less confused.

But to be precise, value is purely subjective. We've been using the word somewhat ambiguously. Value is utility as a means towards an end. Money, as a medium of exchange, has utility as a means towards countless ends, and that's exactly why everyone wants it.

You say people have a disincentive to invest because it's risky, but I don't see a point there. It all depends on the investment opportunity, and the investor's tolerance to risk etc, ie. the circumstances. Some people do invest, some don't. So what?

You say that not investing doesn't "solve any consumption problems", but what the hell might those be? Again, why does consumption "have to" match production? What does that mean? What's a "consumption problem" and whose problem is it, and why?

Why is (price-)deflation a problem, considering it means our purchasing power is increasing? Do you really want to claim people want less stuff for their money?

Don't pretend you're giving me an economics lesson.




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