alright so as long as we're talking stocks... anyone wanna sell me on a compelling overarching narrative of how money moves around in the world? this is something i've wanted to understand since learning about crypto. where is it (mostly)? who decides where it goes (mostly)? etc
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the first step is defining "money"
this is actually very difficult and there is a lot of debate on this topic
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yes this is part of what i want a compelling narrative about! is most of the "money" tied up in stocks or bonds or even more arcane financial instruments? how does fractional reserve banking and fiat currency tie into it? etc etc
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what does it mean for money to be tied up? after all, you don't "tie up" money in a stock: you buy the stock from someone, who now has the money instead of you, for example
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yeah so this sort of shit confuses me a lot. i have the impression that it's common to count stocks as part of e.g. net worth but like... what's up with that? lemme see if i can articulate my confusion about this more precisely
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i like this essay for a short explainer on money + references
"money is a story"
allenfarrington.medium.com/this-is-not-ca
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discusses this in his 'what is money' series. It's bitcoin biased but discusses how man has evolved methods of transfering value (labour, commodities) over time and space and which methods have failed and what the future could hold youtu.be/4rvTppy1qLI
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you don't have to be into bitcoin to benefit from the convo, highly recommend.
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