Essay
Discuss why a dollar tomorrow cannot be worth less than a dollar the day after tomorrow.
If a dollar tomorrow were worth less than a dollar a day after tomorrow, it would be possible to earn a very large amount of money through a "money-machine" effect.This is only possible if someone else is losing a very large amount of money.These conditions can only exist for a short period and cannot exist in equilibrium as the source of money is quickly exhausted.Thus, a dollar tomorrow cannot be worth less than a dollar the day after tomorrow.
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