A new poll finds most U.S. adults think personal choices are a major driver of poverty and homelessness, while fewer blame a lack of government support.
The word “currency” is used interchangeably with “money” but it’s actually a lot more specific. “Currency” is money that is “current” not in the sense of time (“here/now”) but in flow, like a river.
When there isn’t enough money to flow through an economy, it stops being "currency"and gets abandoned in favor of something else that can sufficiently fulfill the role of money in the economy.
So you’re absolutely right. When that fiscal river dries up, the American dollar will become worthless. History shows that something else will fill the gap, but those sorts of transitions take a long time and aren’t without their human cost.
Up vote.
The word “currency” is used interchangeably with “money” but it’s actually a lot more specific. “Currency” is money that is “current” not in the sense of time (“here/now”) but in flow, like a river.
When there isn’t enough money to flow through an economy, it stops being "currency"and gets abandoned in favor of something else that can sufficiently fulfill the role of money in the economy.
So you’re absolutely right. When that fiscal river dries up, the American dollar will become worthless. History shows that something else will fill the gap, but those sorts of transitions take a long time and aren’t without their human cost.