Comment on $1.8 trillion was wiped out from the US stock market yesterday, where did it go?
deleted@lemmy.world 1 day agoI don’t have economics background and think the same way as you do.
They just create money out of thin air.
Comment on $1.8 trillion was wiped out from the US stock market yesterday, where did it go?
deleted@lemmy.world 1 day agoI don’t have economics background and think the same way as you do.
They just create money out of thin air.
LifeInMultipleChoice@lemmy.world 1 day ago
Same with money. If the power goes out the can of tuna in the cupboard suddenly is worth more dead president paper. Maybe it was worth a dollar yesterday. But 2 weeks into no power I won’t sell it to you for 5 dollars.
kkj@lemmy.dbzer0.com 1 day ago
The tuna in the refrigerator, on the other hand, is suddenly worth less. Where’s the consistency?