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Yes, it has effects on the real economy (although in the case of these high-value positional goods I'd argue they're rather smaller than you might think - as li
by tomatocracy 8y ago
Yes, it has effects on the real economy (although in the case of these high-value positional goods I'd argue they're rather smaller than you might think - as likely both buyer and sellers are simply swapping for money which otherwise will sit in a bank account so the effects are limited to those imparted by the middle-men).
My point was, the economy is not a zero-sum game.