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A comment on Fake Books. Parent comment

Re:Fake Books by amluto on Tuesday October 25, 2022 @11:41AM (#33332095)
> The whole point of currency is to use it. If you are buying a currency to hold on to it, then it is a terrible currency and there is a disincentive to use it as one, thus making it useful only for speculation.

Tell that to anyone who saves money for any purpose. They may not literally hold USD in their private Fed account or as cash under a pillow, but they are nonetheless storing dollars (as bonds, money markets, savings accounts, etc).

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Re:Fake Books by Eisenstein on Tuesday October 25, 2022 @02:10PM (#33334161)
I think you misunderstood my point. Holding on to currency and expecting it to increase in value is terrible for the economy because it stops economic activity. People don't buy dollars because they will be worth more later -- they buy them because if they need to they can use them. Also, bonds are not dollars, they are bonds.
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