The Love of Money

[MonkMode]

You are assuming that wealth is a fixed pie and I can't earn a dollar without taking it from you, this is absolutely false. As GDP grows the size of the pie continues to grow. As long as GDP outpaces population growth the wealth pie will never be finite. Wealth in the modern world will never be a zero sum game.

Bernie Sanders' Reliance On The Fixed Pie Fallacy


You're Not Losing Money When Someone Makes Money


I would urge you to read some Milton Friedman as he was able to better explain than I.

There has become more and more things produced (wealth) in monetary systems, but money is not wealth.  The way money works is a zero sum accounting system, the total gains and losses is zero.

Some may interpret the biblical phrase “love of money” to be wanting savings instead of debt.
I’m not sure I would interpret the Bible phrase quite that way, but the idea makes sense to me.
 
Milton Friedman should have known, savings spent equals inflation.  Uncorrected inflation may cause instability.  Populism seems to be its cultural effect.

[Moon68]

Perhaps in accounting money is a zero sum but not in economics, it never will be. Money is printed every day at a pace that exceeds population growth. There is no zero sum as I've tried explaining this upteen different times. I know of no other way to help the blind see.

[Unknownparadox]

Perhaps in accounting money is a zero sum but not in economics, it never will be. Money is printed every day at a pace that exceeds population growth. There is no zero sum as I've tried explaining this upteen different times. I know of no other way to help the blind see.

Yeah and everyday it destroys 547 million dollars, or 200 billion a year. So yeah they are going to print money to replace it. It doesn't affect anyone. Until they add more money to what is in circulation.

You seem to be a big fan of capitalism. So you should know the more of something you have. The less valuable it is.

[MonkMode]

Perhaps in accounting money is a zero sum but not in economics, it never will be. Money is printed every day at a pace that exceeds population growth. There is no zero sum as I've tried explaining this upteen different times. I know of no other way to help the blind see.

Money gets “printed” by issuing a debt.  See that is also a zero sum system.

I mean the population can grow and make more goods, but that is separate from the money system.

It may be possible for population to grow and make goods without money, a kind of Declaration of Independence, we can dream.