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[-] BananaTrifleViolin@lemmy.world 160 points 1 day ago

This perfectly encapsulates how anti vaxxers and others think. "Ive thought it through and it cantnbebright". Its incredible how we can have access to vast amounts of information and yet live in an age of gleeful ignorance.

>Town of 100 people
>Everyone has $50
>Everyone stores Money In Town Bank
>Total bank balance of everyone: $5000
>Bank lends $1000 to a farmer to buy new equipment
>Merchant who sold the equipment deposits $1000 into bank.
>There is now $6000 total deposited in the bank
>1000 just came out of thin air
Money is fake and gay

[-] ggtdbz@lemmy.dbzer0.com 29 points 1 day ago

I remember this classic philosophical quandary of our time, but in a different form.

Classic.

[-] PlexSheep@infosec.pub 11 points 12 hours ago
  1. A and B add 20 to Box. Both have -20 balance.
  2. A sells Box to B for 30. A has 10 balance and B has -50.
  3. A walks away with 10 Profit
  4. B takes cash out of box (40). Made 10 Loss.
[-] pm_me_your_thoughts@lemmy.world 14 points 1 day ago
[-] throwawayacc0430@sh.itjust.works 4 points 23 hours ago

Balance:

Each of 98 Townspeople: $50

The Merchant: $1050

The Farmer: -$950

So, the 98 towns people and the merchant all wants to withdraw.

???

Now you have a riot outside of a bank.

Congrats, you destroyed a Town with #Banking 🫠

Or alternatively.

The Banker just gaslight the town to mob-lynch the Farmer the good ol' capitalism way.

[-] SkyezOpen@lemmy.world 7 points 1 day ago

Rich people never pay off debt.

[-] atro_city@fedia.io 5 points 1 day ago

They let the poor pay it off for them

[-] Clent@lemmy.dbzer0.com 10 points 1 day ago

Future economists are going to make so much fun of us for thinking $1000 was created here.

this post was submitted on 23 May 2025
478 points (96.0% liked)

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