cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 2 days ago$1.8 trillion was wiped out from the US stock market yesterday, where did it go?message-squaremessage-square134linkfedilinkarrow-up1295arrow-down19
arrow-up1286arrow-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 · 2 days agomessage-square134linkfedilink
minus-squarePetDinosaurs@lemmy.worldlinkfedilinkarrow-up10arrow-down2·2 days agoMoney isn’t real. It’s something imaginary we agree on. I told my child this (about 7 yo at the time, too young probably). He said “how is it imaginary if it’s green paper?” Honestly that’s the best follow up. It is green paper. It’s just that it’s only something other than that if we agree on it’s value.
minus-squarethemaninblack@lemmy.worldlinkfedilinkarrow-up4·2 days agoFurthermore, you can have fewer pieces of money, but if you have bigger numbers on the pieces, you have more. I’m in bottle cap futures.
minus-squareFordBeeblebrox@lemmy.worldlinkfedilinkarrow-up2·2 days agoMostly everyone is unhappy, but it is not the small green pieces of paper that are the problem. We’re watching symptoms of fascism, would be great to see a good old fashioned motorcade by a book warehouse
minus-squareTankovayaDiviziya@lemmy.worldlinkfedilinkarrow-up3·2 days agoMoney is just a more practical way to trade. If we stick with the good old barter system, we’d still be trading one cow for two tables.
Money isn’t real. It’s something imaginary we agree on.
I told my child this (about 7 yo at the time, too young probably). He said “how is it imaginary if it’s green paper?”
Honestly that’s the best follow up.
It is green paper. It’s just that it’s only something other than that if we agree on it’s value.
Furthermore, you can have fewer pieces of money, but if you have bigger numbers on the pieces, you have more.
I’m in bottle cap futures.
Mostly everyone is unhappy, but it is not the small green pieces of paper that are the problem. We’re watching symptoms of fascism, would be great to see a good old fashioned motorcade by a book warehouse
Money is just a more practical way to trade. If we stick with the good old barter system, we’d still be trading one cow for two tables.