It crazy to think that no matter where I go or what I do economics is include in every little bit of it. A major part of economics is money and the weight of money. Money, money, money! When it comes to being a part of the world you have to use money to be able to do or get anything to survive. We must be able to buy our food, clothes and anything else we may want or need. But you cannot do that without the funding to do so. However, in this economy money is so scarce because of they way it is processed that we will lose the weight of money more and more everyday. Back in the 80s the weight of money dropped so low that people were wearing it because wearing it costed less than spending it on the things they really needed. In the smith film, kids were burning the money to keep warm, wearing it to keep clothed and even used it as paper and other things they needed. I pray today that we never get to an area where it cost more to spend money than it does to use it as toilet paper.
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Its certainly fascinating to think about how the weight of money or worth of money can change so drastically with inflation. I just could not imagine living in an economic state where burning money to stay warm is cheaper than simply buying wood to stay warm. Whenever the topic of inflation comes up it always makes me think about the actual value the paper dollar has, because when you think about it, copper and silver are more valuable than a piece of paper. Its intriguing to think how we have established a set value to a piece of paper that in theory, alone should be less valuable than copper or silver. Also, I'm unsure about how long it takes for a terribly inflated economy to go back down to a normal level, but in such a time where using money as building blocks is cheaper than buying the actual blocks could one simply set aside multiple stacks of bills and not use them because they don't have any value in that market and save them for when they do have value in the market? Would those bills have the same value as they did in the heavily inflated economy or would they go back to having the value they used to? Could one potentially become pretty wealthy from this, or do you think its too unsustainable to do this?