Where did the money come from? Transfers from Mars? We need to find a cure for financial illiteracy. https://twitter.com/SailorUpper/status/1126289023478136834 …
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Replying to @nntaleb
money is created when people borrow money. people who take out a loan to buy a house thereby create money. this doesn't make them entrepreneurs.
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Productivity = Money Labor + capital investment (better tools) = more productivity Labor + no capital investment (shitty tools or no tools) = less productivity Do people just let you borrow an auto factory? NO Then buy your own damn factory or shut up about being underpaid labor
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Replying to @williamgrahamiv @nntaleb
correct, except value is not money you are describing the production of value, not of money
7:08 PM - 8 May 2019
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