Read “Profit and Loss”, will read it again. Very clear and cleverly scathing.
What would be the effect upon an economy if everyone counterfeited $1,000 and spent it in one day? and they didn’t know that others were counterfeiting.
Would there be a different effect if they knew everyone was counterfeiting?
How about the opposite? What if everyone lost (permanently destroyed) $1,000 dollars?
If they thought they were the only one? If they knew it happened to everyone?