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> If no one ever made a billion dollars, so to speak, there would be no money at all. Could you please elaborate?
by samb1729 4y ago
> If no one ever made a billion dollars, so to speak, there would be no money at all.
Could you please elaborate?
- afiori 4y agoThe amount of money/value/richness in the world is not constant. Suppose we all lived on an island in a completely stable economy valued somehow at 1 trillion dollars. Then imagine that a dozen or so explorers went to another island and started a completely independent economy that (after some centuries) gets also valued at 1 trillion dollars. The latter billion dollar was created at the meager cost of a boat and the life work of some people. This is a horrible analogy for anything that ever happened, but it is something that could possibly happen.