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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (233899)12/21/2009 8:24:38 PM
From: GraceZRead Replies (2) of 306849
 
If I confined my analogy to gold miners you'd have gotten it right away.

You are letting your knowledge of how additional money is added to our economy blind you to what it is that money actually represents. Money is a medium of exchange (that corn exchanged for something fungible) and a store of value (a medium to store savings, where in theory it won't rot the same way corn might).

What do you think money represents? It represents value that is created through production as well as savings that is created when there is difference between what we produce and what we consume. The ONLY way one can pay off interest is through production or savings. Any other way (printing more money, for example, in the absence of additional production) is simply stealing a little value from all the other units out there.
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