economic dumbfuckism....

[bayoubill]

guarantees threads like this:

http://www.usmessageboard.com/politics/336012-capitalism-guarantees-rising-inequality.html

 

[bayoubill]

I hold out no hope that dumbfuck Libs will ever realize that economics is not a zero-sum game...

 

[KNB]

Currency is zero-sum because there is only a certain amount of money in circulation.

 

[occupied]

Currency is zero-sum because there is only a certain amount of money in circulation.

Currency and money are two different things. At any given moment, money is created out of thin air and is destroyed in vast amounts on a daily basis just by normal banking operations. There cannot be infinite money but there is no theoretical upper limit to how much can exist as long as it remains relatively stable.

 

[KNB]

This says that currency is money:
Currency - Definition and More from the Free Merriam-Webster Dictionary

 

[occupied]

This says that currency is money:
Currency - Definition and More from the Free Merriam-Webster Dictionary

Currency is physical cash like bills and coins, sometimes called specie.
Money includes currency AND all the virtual money that only exists on computers and in bank accounts.

 

[bayoubill]

Currency is zero-sum because there is only a certain amount of money in circulation.

This discussion has nothing directly to do with government-issued money/cash/currency...

it has everything to do with capital/wealth, which can exist in several forms...

and which can be gained in several ways...

and of which there is no limit (i.e., it's not a zero-sum game), except for the physical limit of people's ability to put in hours to work for it...

 

[The Rabbi]

Currency is zero-sum because there is only a certain amount of money in circulation.

That's why central banks cannot create new money?
Wow, the stupid is strong in this one.

 

[SteadyMercury]

Currency is physical cash like bills and coins, sometimes called specie.
Money includes currency AND all the virtual money that only exists on computers and in bank accounts.

Currency is a medium of exchange, there is no requirement that it is physical. "Cash" might be the better word for what you are describing.

Bitcoin is a good example, it is usually described as either a digital or crypto currency.

 

[bripat9643]

Currency is zero-sum because there is only a certain amount of money in circulation.

The government can always print more, and it does.