Fiat money is not useful wealth.
Useful wealth is objects that have a intended practical use other than barter, which will be called wealth for short.
Fiat money are objects that are exchanged for barter but have no other intended practical use and also are used as objects of barter due to threats of violence or deception such as for example property tax in which only a particular type of currency is accepted for payment.
As technology advances it takes less hours to produce the same amount of wealth, people also need a lower number of calories to produce the same amount of wealth if the amount of work required to produce the same amount of wealth decreases. Wealth is produced (or technically transformed) through chemical and physical changes of objects that already exist and the transportation of said objects and is not produced and never can be produced by the perceived value of fiat money. That is a $20 bill with approximately the same mass and percentage of chemical elements as a $1 bill can not produce 20 times as much wealth as a $1 bill however it can be used to persuade those who are deceived or under duress into exchanging 20 times as many objects that would normally be exchanged for a $1 bill but this is simply due to psychological undue influence.
How fiat money is transferred is irrelevant because it is not useful wealth but job creation is often argued as necessary for people to have enough fiat money to get wealth but this is deceitful as wealth is produced through physical and chemical changes. Having fiat money paid through employment is a red herring that creates extra work hours to produce the same amount of wealth through needless bureaucracy monitoring red herrings. Fiat money is also an artificial barrier to progress because people have the delusion that tasks are not possible to start without it even though all you need is the raw material and tools to do a task even if you have no fiat money. Furthermore the amount of fiat money in circulation can never be increased or decreased through employment but only through imaginary belief and printing or computer generating fiat money. This is because paying a fiat dollar to one person results in losing it from another person. The fiat dollars are not real wealth and no matter how arranged can never improve the standard of living except by being disbelieved in.
This generally means that an improvement in the management of society results in a decrease in hours of employment added together among all individuals within a society in order to achieve the same standard of living because people are able to produce more wealth per hour and use the wealth they do have more effectively to achieve the same goals, in addition to needing a reduced nutritional intake to accomplish the same amount of wealth production. Unfortunately people have it backwards thinking that increased fiat money through increased hours of employment is necessary to improve society as I already refuted.
Copyright Carl Janssen 2018
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