alt Hacker NewsCurrently, in the US, money is an infinite resource. One need only look at the world's latest one point five trillionaire.
Where is the money coming from to support that valuation? And why is it being spent to maintain that valuation?
Part of it is accounting tricks (sell 5% of a company for $20, and you're worth $400 with only $20 changing hands) but there's also genuinely a massive unexplained amount of money in existence in the US financial system, that should have caused massive inflation by now but somehow hasn't. Maybe it's only a matter of time, or maybe due to class segregation, it's stable like this and will never come down the ladder to affect grocery prices?
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> Currently, in the US, money is an infinite resource. […]
Try harder to engage in dialog. Basic economic theory contradicts your claim. You need a much stronger logical argument to have any credibility.
Valuations are often an absurd fantasy. The notion is that Musk could find a buyer who would be willing to pay that based on the value of each share he owns. It’s not real money. He can borrow against it but not too much, and he will have to find a way of paying the lender back without selling stock. The money is not real.
If he dumped all of his shares the value of them would essentially go away, like with any commodity.