![]() While you become wealthy the inhabitants of this island become extremely poor, unhappy, malnourished etc. With all the natural resources you are getting you become wealthy beyond belief. You take the natural food this island has, turn it into processed garbage with a long shelf life and sell it back to the inhabitants of the island. You have an infinite supply of paper, it doesn’t mean anything to you. In exchange for this paper they agree to toil away in the mines, giving you all their natural resources in exchange for these pieces of paper. You convince the inhabitants of the Island that this paper you have is incredibly valuable. This Island is rich in natural resources. You stumble upon an Island inhabited by people who have not been corrupted by the outside world. The only possible way to give money value is to use food as currency. Even if there were a gold standard (there isn’t) it wouldn’t matter, the only value Gold has is the value we give it. The only value money has is the value we give to it, the value we think it has. We could just as easily use twigs and leaves as currency. Money must surely be valuable if so many people chase it fruitlessly.
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