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Money is created all the time. It is not a zero-sum game.
by chungy 3d ago
Money is created all the time. It is not a zero-sum game.
- someguyiguess 3d agoWhen money is created, the total amount of money in circulation increases, decreasing the value of each unit of money overall. It’s called inflation.
- s1artibartfast 3d agoOnly when more money is created than production increases. If money grows faster than goods for consumption, then buyers bid up price resulting in inflation.
- simianwords 3d agoNo it’s not fixed like that. Total prosperity of world has increased inflation adjusted over 100 years. Why? Surprised basic stuff is now being questioned.
- YetAnotherNick 3d agoIt's not that simple. Of course there is inflation but in the long run in history, real money has increased massively. We have give opportunity of education to almost everyone, abolished slavery, given food and basic medicine to almost everyone. 100 years back having all of these sounded like a perfect world.