cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 3 days ago$1.8 trillion was wiped out from the US stock market yesterday, where did it go?message-squaremessage-square135linkfedilinkarrow-up1299arrow-down19
arrow-up1290arrow-down1message-square$1.8 trillion was wiped out from the US stock market yesterday, where did it go?cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 3 days agomessage-square135linkfedilink
minus-squaregandalf_der_13te@feddit.orglinkfedilinkarrow-up5arrow-down3·2 days agonowhere, the total amount of money in the world is zero. one man’s dollar is another man’s debt. if somebody loses money, somebody else loses debt, so the net sum is still zero.
minus-squareDangerNooble@lemmy.worldlinkfedilinkarrow-up5arrow-down1·2 days agoEhh, this is not a good way to think about it. It’s more like money borrows value from the future.
minus-squaregandalf_der_13te@feddit.orglinkfedilinkarrow-up1·1 day ago It’s more like money borrows value from the future. how so?
minus-squareAnon7394@sh.itjust.workslinkfedilinkarrow-up1arrow-down2·2 days agoThe total amount of money is not zero. Gold, for instance, is real money. But if course debt pseudo money dwarfs it.
nowhere, the total amount of money in the world is zero. one man’s dollar is another man’s debt. if somebody loses money, somebody else loses debt, so the net sum is still zero.
Ehh, this is not a good way to think about it.
It’s more like money borrows value from the future.
how so?
The total amount of money is not zero. Gold, for instance, is real money.
But if course debt pseudo money dwarfs it.