Sunday, December 7, 2025

Money is not wealth, production of something of value is

Every generation needs a revolution - an entrepreneurial revolution

This example is about Spain which discovered hordes of silver, and silver flowing into their country contributing to 400% inflation.  Money flowed from Spain to say France where goods were cheaper.  Spaniards became populated by Hidalgos, who had plenty of money but did not work.  They had plenty of silver coming from Peru and Mexico  This wrong belief led to the demise of Spanish empire.

Many think and even in our family that money in the bank is wealth.  It is just a medium of exchange to produce more goods and services.   Not an end in itself




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