cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 9 days ago$1.8 trillion was wiped out from the US stock market yesterday, where did it go?message-squaremessage-square136linkfedilinkarrow-up1298arrow-down19
arrow-up1289arrow-down1message-square$1.8 trillion was wiped out from the US stock market yesterday, where did it go?cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 9 days agomessage-square136linkfedilink
minus-squaredeleted@lemmy.worldlinkfedilinkarrow-up16arrow-down1·9 days agoI don’t have economics background and think the same way as you do. They just create money out of thin air.
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkarrow-up5·9 days agoSame 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.
minus-squarekkj@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up4·9 days agoThe tuna in the refrigerator, on the other hand, is suddenly worth less. Where’s the consistency?
minus-squareThe Ramen Dutchman@ttrpg.networklinkfedilinkarrow-up2·22 hours agoNot in that tuna after 2 weeks, I can tell you that much
I don’t have economics background and think the same way as you do.
They just create money out of thin air.
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.
The tuna in the refrigerator, on the other hand, is suddenly worth less. Where’s the consistency?
Not in that tuna after 2 weeks, I can tell you that much