I know there must be reasons and this is a dumb question, but I’m a bit of an abstract thinker and have trouble grasping it from a big picture presepctive. Can someone break this down for me? Can’t we all just kind of agree to just kind of… Reset some numbers or something?
Sincerely,
I’ve never taken an economics class in my life
In: Economics
>Can’t we all just kind of agree to just kind of… Reset some numbers or something?
That would seriously damage confidence in the market. Would you invest money, time, and labor in a system when there’s a possibility it could all just get “reset” someday against your wishes?
It’s the same reason we can’t just excuse all debt; if we did, no one would ever lend anyone anything ever again.
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