3 ms·
It’s not finite. Shares are trivially created and wealth is trivially destroyed. Consider the example of a company that is founded and immediately issues and s
by CPLX 3y ago
It’s not finite. Shares are trivially created and wealth is trivially destroyed.
Consider the example of a company that is founded and immediately issues and sells a million shares for a dollar each, and then burns the dollars in a bonfire.
There’s less dollars at the end of the story. It’s not a zero sum game.