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[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

Well in a debt-based monetary system, that's exactly what you'd expect actually. Every dollar of debt created immediately creates a dollar of value as well. That's the basis of our monetary system after we got off the gold standard in 1972 in the US

[–]Vigte 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Interesting, didn't think of it that way - well, I think we can all agree then that the "derivative" section is a little fucked lol

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Ha no doubt there, the derivatives market is so bad. I think debt-based monetary systems are a little fucked too, don't think I'm excusing it, I'm just explaining it haha

[–]Vigte 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

No it's good to know - you remember the old GI-Joe saying lol.

Out of curiousity I've looked into GDP and it doesn't really seem to accurately represent growth either... any thoughts on that? Or replacements?

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I prefer to look at median inflation-adjusted income, I think that tells a story of what's happening to a country's people more than the GDP which isn't accurate because it's so financialized