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That's the wrong analogy, because the butcher is giving money to the baker for the bread. If we we fix the analogy, then the baker gives money to the butcher so
by phailhaus 10mo ago
That's the wrong analogy, because the butcher is giving money to the baker for the bread. If we we fix the analogy, then the baker gives money to the butcher so that he buys their bread with that money. The butcher cannot afford the bread without it!
- hn_acc1 10mo agoAnd the baker then tells people to buy his bread, because it's so good, the butcher buys it every day!
- Havoc 10mo ago>so that he buys their bread with that money. So basically like any business out there reliant on incoming cash to pay suppliers? This doesn't magically create money any more than the rest of the economy...which has believe it or not CIRCULATING money
- phailhaus 10mo agoCan you name one business that takes their supplier's money to buy back from them?