cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 5 days ago$1.8 trillion was wiped out from the US stock market yesterday, where did it go?message-squaremessage-square135linkfedilinkarrow-up1299arrow-down19
arrow-up1290arrow-down1message-square$1.8 trillion was wiped out from the US stock market yesterday, where did it go?cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 5 days agomessage-square135linkfedilink
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkarrow-up5·5 days agoSame with money. If the power goes out the can of tuna in the cupboard suddenly is worth more dead president paper. Maybe it was worth a dollar yesterday. But 2 weeks into no power I won’t sell it to you for 5 dollars.
minus-squarekkj@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up4·4 days agoThe tuna in the refrigerator, on the other hand, is suddenly worth less. Where’s the consistency?
Same with money. If the power goes out the can of tuna in the cupboard suddenly is worth more dead president paper. Maybe it was worth a dollar yesterday. But 2 weeks into no power I won’t sell it to you for 5 dollars.
The tuna in the refrigerator, on the other hand, is suddenly worth less. Where’s the consistency?