alt Hacker NewsMoney is not lost, it merely changes hands.
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flyinglizard • today at 3:06 PM
It does get lost. Market cap can appear and vanish out of thin air. It's not a zero sum game, not remotely.
Money is not lost, it merely changes hands.
It does get lost. Market cap can appear and vanish out of thin air. It's not a zero sum game, not remotely.
This would have been true until ~50-200 years ago, and the advent of modern capital markets. Now, credit is center stage and cash is the sideshow.