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A comment on Where has all the money in the world gone?. Parent comment

Re:Where has all the money in the world gone? by ivankirigin on Saturday June 23, 2012 @02:18PM (#4151425)
The debt is backed by real assets not represented in dollars. Those aren't just inherently valuable like gold, but the engines to create more value.

There also isn't a fixed pie. A software company can turn $1M in salaries into $10M in revenue. This isn't new debt, but new wealth.

[ Parent | on HN ]
Re:Where has all the money in the world gone? by eli_gottlieb on Sunday June 24, 2012 @10:26PM (#4154838)
Wealth can be created by anyone. Money can only be created by an authority figure, a Royal Mint or Central Bank.
[ Parent | on HN ]