3 ms·
Am I missing something? It seems like all those transactions are merely exchanges, and no wealth has actually been created (i.e. new ipads, hepatitis treatment
by xrange 11y ago
Am I missing something? It seems like all those transactions are merely exchanges, and no wealth has actually been created (i.e. new ipads, hepatitis treatments, Taylor Swift concert tickets, food grown, etc.).
- nickbauman 11y agoNorvig uses the term level of wealth to describe what's being exchanged. I think that covers wealth being created (or destroyed, which, y'know, also happens, eh?)