it do be like that
not market economics, its akin to price fixing, Its like the government declaring that some random and common rock is worth a quintillion dollars and chipping off bits of it to pay the national debt. No one would accept it. The point of market economics is that money has to buy things, its not about making a fake declaration.
>>16839673replace "random and common rock" with "random and common scribbles on a ledger" and you have fractional reserve banking, shepherded by a central bank with the fatter ledger dictating procedure to lesser banks
>>16839899>fractional reserve bankingYou mean credit creation.
>>16838196This was written by a midwit.
>>16839899>"random and common scribbles on a ledgeIts not random, they are enforced by the states armed forces. And such money would buy you things and would be tradable with other countries at a real rate of exchange.The silly rock called Macroeconomica cant create US dollars, but lets say it creates silly Macroeconomica Dollars, these would be worthless in any exchange and since Macroeconomica itself has zero goods to sell, they are worth 0.But more to the point, say i give you a dollar and you give it back to me and we repeat this a million times. If you were to try this in real life, you'd have to pay income tax on that million dollars of reported income, because you wont, you wont attempt this gimmick.The whole purpose of these statistics is to facilitate taxation.
>>16840284Theres lots of benefits to faking income like the bank being more willing to lend your business money and keeping investors happy with the illusion of growth.https://www.msn.com/en-us/technology/artificial-intelligence/nvidia-microsoft-and-openai-have-investors-going-in-circles-this-chart-shows-how/ar-AA1OaJSfNvidia puts money into OpenAI. OpenAI and its data center partners buy chips from Nvidia. Other circles encompass Microsoft, Oracle, and the data center firm CoreWeave.The circles remind some on Wall Street of the wash trades between venture capital-backed start-ups before the first internet bubble burst 20 years ago—or the guy who asks you to lend him a $20 bill so he can buy you a beer. AI skeptics are chortling.Amid the scoffing, Morgan Stanley analyst Todd Castagno mapped the AI ecosystem’s circular flows in a Wednesday note. Just tracing the companies surrounding OpenAI makes a tangled picture.“You need disclosure about how all this works,” Castagno told Barron’s. Microsoft has invested $13 billion in OpenAI. The companies share in each other’s revenues, which include sales to each other. Yet Microsoft hasn’t disclosed what portion is shared, or whether Microsoft nets its reported revenue numbers for those of OpenAI. When revenue flows both ways, gross sales numbers can give a false impression of AI demand, Castagno says.
>>16840284ok arbitrary and capricious, amounts to the same thing
>>16839899print moneygive it to your friendsyour friends buy assetsdemand for assets risesprice of assets risemoney buys less assets: inflation has occurred.I've explained concisely what economists employed by the state claim to find unfathomable force of nature.
>>16840284You wouldn't pay income tax on it because it is offset by the costs of business - the loss of 1 dollar for each dollar gained.
>>16843895If there was no added value, then the GDP of exchanging the same dollars millions of times would be zero, no GDP.If there was added value, you would have to pay income tax on that. You cant have it both ways, claiming GDP was created but also that you dont have to pay a tax on it because the added value was zero.
>>16840936>"no no you dont understand, printing money causes number to go up which means it is good and creates wealth"
