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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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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oh nice there's some good stuff here although i'd like to get second opinions to see how controversial some of this is among economists
yeah lots of contention for sure, afaict nobody really knows what's going on
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