Quote:
Originally Posted by TheDoc
I can double mine and your business this year if you like, simply by moving money. Money flow creates wealth, a few of us exchanging 'money' is all that is needed. We could easily double our corporate sizes, if not triple it. Then profit from the interest, bigger investments, money exchanges, and so on. As one minor example... nothing was ever produced, made, created or worked for - yet we all created more wealth. If one of us bottle necked the money, it breaks the flow - no wealth is created.
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Can you clarify how wealth is created when nothing is "produced, made, created or worked for"? there are 3 parties, alice, bob, and charlie, all start off with $100...
then:
A gives $100 to B
B gives $100 to C
C gives $100 back to A
All end up with $100, just like they started, no useful goods or services were exchanged, money was simply moved around, where/how exactly was the wealth created?
If you move money around AND create some useful good/service while you are at it, then yea, wealth is created... but if you JUST move money around without creating anything I don't see how wealth would be created...