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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I did a small reply thread on the current status of the fed and huge blocks of money going on with the banks but it's only a piece of the massive puzzle you're asking about
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Replying to @parafactual
it depends what you mean by "distribute" - markets certainly don't exist to distribute money, they exist to facilitate the exchange of goods/services and money at agreed upon valuations
as @miftah___ra is pointing out, that valuation is often questionable, especially now
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also imo this is essential viewing for engaging with this topic since the fact that money can be printed without a fixed source of reference (i.e. the gold standard) becomes a HUGE part of money discussions nowadays youtube.com/watch?v=PHe0bX
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oh nice this is pretty cute but also kinda queasy to think about
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economics is a black hole of fear and loathing
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starting to think that trying to understand economics is like trying to understand what each and every gene does
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the section of the video about credit really makes me feel like credit is bad mostly 🤔
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well, it allows for cycles of upward robustness which CAN enable greater productivity if reinvested into invention, education, development, etc.
or it can go straight into the pockets of banks, hedge funds, and billionaires and cause world economic crises 🤷
a lil of both tbh
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Literally everything around you was bought on credit--you might not have, but everyone else in the supply chain did, thousands of times for the PC I'm writing this on, for example. Without it, you have only what you made, stole, or inherited from your ancestors.
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