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by danmaz74
294 days ago
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"capital" in the economic sense isn't money at all - it's tools, infrastructure, knowledge; from this point of view, you're correct. A bubble bursting on the stock market doesn't destroy capital. On the other hand, the monetary value of the stock market (and other assets) going up and down does create or destroy "money". From a financial point of view, it's not a zero sum game. |
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