5 ms·
If I buy a grain of sand from you for $10, have I just massively expanded the number of dollars in existence? Market capitalisations != money.
by resf 9y ago
If I buy a grain of sand from you for $10, have I just massively expanded the number of dollars in existence?
Market capitalisations != money.
- pharrington 9y agoMarket capitalization general corresponds with the amount of debt a company is able to take on, and the creation of debt literally is the creation of money.
- maneesh 9y agoYes. If you create an etf or stock index or public stock, you have massively created the number of dollars in existence.