Money is very much 'owned'. The government 'owns' a lot of money for instance, and it has tricks up its sleeves like releasing cash into the market to readjust inflation rates and what not.
Money is not just money. There's a whole fucking market behind it.
Loans introduce money that doesn't exist onto the market. Then people go and make money off of it, and pay back the loans. Now there's new money on the market.
It sounds like the perpetual motion machine, but really, it's not. You just need to read about economics. The essential thing to keep in mind is that money represents something... most often gold, crude oil, but human services too for example. And we just keep harvesting that out of the earth, or out of nowhere...
Think of the joke in austin powers, when doctor evil says I want 1 billion dollars, and his board of directors say there isn't that much money on earth.
Loans introduce money that doesn't exist onto the market. Then people go and make money off of it, and pay back the loans. Now there's new money on the market.
There is a difference between making money and making money. If you do a good job and make a lot of money to pay back your loans, somebody has got to pay you those money, so all in all the amount of money in the market would end up being the same. On the other hand if you were making your money yourself, it would be illegal.
Who gets to own money in the future? (Score:1)
Isn't wide circulation the point of money? Or do you mean "who gets to circulate money?
Re:Who gets to own money in the future? (Score:3, Insightful)
Money is not just money. There's a whole fucking market behind it.
Re:Who gets to own money in the future? (Score:2)
Re:Who gets to own money in the future? (Score:0)
Re:Who gets to own money in the future? (Score:2)
Re:Who gets to own money in the future? (Score:2)
It sounds like the perpetual motion machine, but really, it's not. You just need to read about economics. The essential thing to keep in mind is that money represents something... most often gold, crude oil, but human services too for example. And we just keep harvesting that out of the earth, or out of nowhere...
Think of the joke in austin powers, when doctor evil says I want 1 billion dollars, and his board of directors say there isn't that much money on earth.
Re:Who gets to own money in the future? (Score:2)
There is a difference between making money and making money. If you do a good job and make a lot of money to pay back your loans, somebody has got to pay you those money, so all in all the amount of money in the market would end up being the same. On the other hand if you were making your money yourself, it would be illegal.