Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Majormax
on 18/08/2019, 22:42:29 UTC

You seem a bit confused sir.  

Money can be printed without inflationary consequences.*

That money can be used to finance the creation of new assets, such as a lovely freshly mined gold bar. Or an iPhone if you prefer.

The total global pool of assets has just increased.

Wealth, from nowhere.  





*If you happen to be the global reserve currency.




Surely you don't define wealth as money ?   In the scenario you describe, only money is created.   Money = debt.  It just marks-up the ledger with additional/other debtors and creditors.

( Apologies if you meant /s )