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Money is created all the time. It is not a zero-sum game.

by chungy 13d ago

someguyiguess 13d ago
When money is created, the total amount of money in circulation increases, decreasing the value of each unit of money overall. It’s called inflation.
- simianwords 13d ago
  No it’s not fixed like that. Total prosperity of world has increased inflation adjusted over 100 years. Why? Surprised basic stuff is now being questioned.
  - streetfighter64 8d ago
    GP didn't claim it was fixed, only that the creation of more money brings inflation. Which is a pretty basic fact. > Total prosperity of world has increased inflation adjusted over 100 years. Why? Clearly, because people have worked to bring value to the world. But, most people actually doing the work see very little of the profits. I often see this argument, "you have access to food, housing, healthcare etc., so that means that the system is working great". But you're missing the fact that me, my parents, and their parents, and their peers, have all worked to create all of that stuff. While simultaneously working to create the private jets and luxury yachts for the 1%. In a more fair system we'd have twice as much prosperity, or work half as hard.
- YetAnotherNick 13d ago
  It's not that simple. Of course there is inflation but in the long run in history, real money has increased massively. We have give opportunity of education to almost everyone, abolished slavery, given food and basic medicine to almost everyone. 100 years back having all of these sounded like a perfect world.
- s1artibartfast 13d ago
  Only when more money is created than production increases. If money grows faster than goods for consumption, then buyers bid up price resulting in inflation.
streetfighter64 10d ago
Your comment is pretty meaningless because you're just repeating the exact same "it's not a fixed pie", which I already replied to. Just read my above comment one more time, consider it a reply to your statement, and see if you understand it then. > It's not a zero-sum game. Well, it is. Thermodynamics. Earth is pretty much a closed system, except for the sun. So for example if you invest $100 in a farm and get a return of 10%, where does that come from? The nutrients in the soil, the effort expended by the workers, and the power of the sun to turn seeds into food. All value comes either from finite resources in the ground (nuclear, oil, ...), from solar power, or from human effort (work, innovations, etc.)

Money is created all the time. It is not a zero-sum game.

by chungy 13d ago

Money is created all the time. It is not a zero-sum game.

When money is created, the total amount of money in circulation increases, decreasing the value of each unit of money overall. It’s called inflation.

simianwords 13d ago
No it’s not fixed like that. Total prosperity of world has increased inflation adjusted over 100 years. Why? Surprised basic stuff is now being questioned.
- streetfighter64 8d ago
  GP didn't claim it was fixed, only that the creation of more money brings inflation. Which is a pretty basic fact. > Total prosperity of world has increased inflation adjusted over 100 years. Why? Clearly, because people have worked to bring value to the world. But, most people actually doing the work see very little of the profits. I often see this argument, "you have access to food, housing, healthcare etc., so that means that the system is working great". But you're missing the fact that me, my parents, and their parents, and their peers, have all worked to create all of that stuff. While simultaneously working to create the private jets and luxury yachts for the 1%. In a more fair system we'd have twice as much prosperity, or work half as hard.
YetAnotherNick 13d ago
It's not that simple. Of course there is inflation but in the long run in history, real money has increased massively. We have give opportunity of education to almost everyone, abolished slavery, given food and basic medicine to almost everyone. 100 years back having all of these sounded like a perfect world.
s1artibartfast 13d ago
Only when more money is created than production increases. If money grows faster than goods for consumption, then buyers bid up price resulting in inflation.

streetfighter64 10d ago

Your comment is pretty meaningless because you're just repeating the exact same "it's not a fixed pie", which I already replied to. Just read my above comment one more time, consider it a reply to your statement, and see if you understand it then. > It's not a zero-sum game. Well, it is. Thermodynamics. Earth is pretty much a closed system, except for the sun. So for example if you invest $100 in a farm and get a return of 10%, where does that come from? The nutrients in the soil, the effort expended by the workers, and the power of the sun to turn seeds into food. All value comes either from finite resources in the ground (nuclear, oil, ...), from solar power, or from human effort (work, innovations, etc.)