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Why The Government Has Infinite Money (www.youtube.com)
submitted 2 years ago* by to c/workreform@lemmy.world
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A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

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[+] -9 points 2 years ago (2 children)

That's not how infinity works. It's not a number you can ever reach. It's not a number at all really. It's more a set of all numbers.

The value of the currency will never approach zero.

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  • [–] 13 points 2 years ago (1 child)

    It's called a limit and it is very much coneptualized in math.

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  • [+] -8 points 2 years ago (1 child)

    A limit isn't infinity though. Infinity has no limit. Its the oposite of a limit.

    However high you may count, there is still infinitely more you could count. And an infinite number of fractions between each and every number you counted. And all of that is included in infinity.

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  • [–] 7 points 2 years ago* (1 child)

    In mathematical terms it's perfectly acceptable to talk about the limit of an expression as some value tends towards infinity. E.g.:

    limit (1/x)  = 0
x→∞

    https://en.m.wikipedia.org/wiki/Limit_(mathematics)#Infinity_as_a_limit

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  • [–] -2 points 2 years ago (2 children)

    Okay. My last try.

    That's a way of saying there is no specific value that is the end. The "Limit" is endless.

    If we created a currency with 10^100 units. There would me more units than the atoms in a billion universes. And it would still be infinitely far from infinity.

    So if the currency's unit value is inversely proportional its proximity to infinity, the value of every unit of currency we could ever make is infinite. Even if we made 10^100 of them.

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  • [–] 2 points 2 years ago* (last edited 2 years ago)

    The term limit is used in mathematics differently from how you are understanding it from vernacular usage. A mathematical limit expresses directionality toward an unreachable value.

    The meaning of the statement is that every marginal augmentation of the money supply carries some marginal diminution of the currency value, without any possibility that the supply may be exhausted absolutely or the value annihilated.

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