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A financial instrument does not require as many physical raw materials to produce as fuels, food, computers, or homes. Indeed, they often don't require anything
by politician 4y ago
A financial instrument does not require as many physical raw materials to produce as fuels, food, computers, or homes. Indeed, they often don't require anything but bits.
It seems obvious that the $4T deployed into the imaginary playground of the asset markets wouldn't cause near as much inflation as $0.4T+ in the hands of peasants with their needs for tangible goods. If traders attempted to move $4T en masse into purchases at retail, the system would have crashed immediately.