News for hackers. Stuff that matters.

A comment on A world of free movement would be $78T richer. Parent comment

Re:A world of free movement would be $78T richer by narrator on Saturday June 23, 2018 @04:07PM (#17383160)
A world where we printed $78 trillion dollars and gave it out to whomever would also be $78 trillion dollars richer.
[ Parent | on HN ]
Re:A world of free movement would be $78T richer by dwaltrip on Saturday June 23, 2018 @05:09PM (#17383462)
That isn't how it works. Inflation is a thing.
[ Parent | on HN ]
Re:A world of free movement would be $78T richer by rory096 on Saturday June 23, 2018 @06:06PM (#17383708)
No idea why this is getting downvoted, as you're entirely correct (obviously). OP is talking about real economic growth as massive amounts of wealth are created. A change in the money supply would create nominal growth, but no change in the underlying quantity of wealth.

For those confused as to the difference between the two, reread pg's essay on How to Make Wealth. http://www.paulgraham.com/wealth.html

[ Parent | on HN ]
Re:A world of free movement would be $78T richer by narrator on Saturday June 23, 2018 @08:33PM (#17384278)
Yeah, but the writer of the article doesn't get that either.
[ Parent | on HN ]