Anon isn't fooled by planes
Anon isn't fooled by planes
98 comments
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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.
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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-
I remember this classic philosophical quandary of our time, but in a different form.
Classic.
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- A and B add 20 to Box. Both have -20 balance.
- A sells Box to B for 30. A has 10 balance and B has -50.
- A walks away with 10 Profit
- B takes cash out of box (40). Made 10 Loss.
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debt: am I am joke to you?
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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 đź«
Or alternatively.
The Banker just gaslight the town to mob-lynch the Farmer the good ol' capitalism way.
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Rich people never pay off debt.
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They let the poor pay it off for them
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Future economists are going to make so much fun of us for thinking $1000 was created here.
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98 comments