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chungy 3 hours ago

Money is created all the time. It is not a zero-sum game.

someguyiguess 2 hours ago | parent [-]

When money is created, the total amount of money in circulation increases, decreasing the value of each unit of money overall. It’s called inflation.

simianwords 2 hours ago | parent | next [-]

No it’s not fixed like that. Total prosperity of world has increased inflation adjusted over 100 years. Why?

Surprised basic stuff is now being questioned.

YetAnotherNick 2 hours ago | parent | prev [-]

It's not that simple. Of course there is inflation but in the long run in history, real money has increased massively. We have give opportunity of education to almost everyone, abolished slavery, given food and basic medicine to almost everyone. 100 years back having all of these sounded like a perfect world.