Comment on Anon isn't fooled by planes

BananaTrifleViolin@lemmy.world ⁨1⁩ ⁨month⁩ ago

• throwawayacc0430@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  >Town of 100 people
  >Everyone has $50
  >Everyone stores Money In Town Bank
  >Total bank balance of everyone: $5000
  >Bank lends $1000 to a farmer to buy new equipment
  >Merchant who sold the equipment deposits $1000 into bank.
  >There is now $6000 total deposited in the bank
  >1000 just came out of thin air
  Money is fake and gay

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  • ggtdbz@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

    I remember this classic philosophical quandary of our time, but in a different form.

    Image

    Classic.

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    • PlexSheep@infosec.pub ⁨1⁩ ⁨month⁩ ago

      1. A and B add 20 to Box. Both have -20 balance.
      2. A sells Box to B for 30. A has 10 balance and B has -50.
      3. A walks away with 10 Profit
      4. B takes cash out of box (40). Made 10 Loss.

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  • pm_me_your_thoughts@lemmy.world ⁨1⁩ ⁨month⁩ ago

    debt: am I am joke to you?

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    • SkyezOpen@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Rich people never pay off debt.

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    • throwawayacc0430@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      Balance:

      Each of 98 Townspeople: $50

      The Merchant: $1050

      The Farmer: -$950

      So, the 98 towns people and the merchant all wants to withdraw.

      ???

      Now you have a riot outside of a bank.

      Congrats, you destroyed a Town with #Banking 🫠

      Or alternatively.

      The Banker just gaslight the town to mob-lynch the Farmer the good ol’ capitalism way.

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  • Clent@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

    Future economists are going to make so much fun of us for thinking $1000 was created here.

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