Reply To: Chesed: Forcing the rich to pay for the poor

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#1970422
Reb Eliezer
Participant

Economics – the way to distibute scarce resources in an optimal way. Greshams law says, that bad money drives out good money from circulation as people hold one to good noney. Hakesef kona es hazahav as the more worth, gold is merchandise and the less worth, silver is the currency. The rich save their wealth which does not grow the economy except for lending out money which the poor cannot afford because of the interest.