Is there a particular instrument or transaction you feel creates a scheme? What specifically would you disallow, and what would be the downstream impact you imagine of doing so?
It's like I said, the degree to which productivity is in the equation.
Money just looping around until settling on a few people, otherwise doing nothing else = zero productivity, zero value
Action which results in a bit of productivity = a bit of value
Action with results in lots of productivity = lots of value
I'd say the exact degree of separation where it becomes "a problem" is roughly equal to the exact number of sand grains that form a pile. I can tell you one area where society is already suffering greatly from dead economy and that's the housing market. The downstream impact of that industry not being realistic is happening right now.
Also I would like to refer people to a story called "The Golden Goose." Everyone seems familiar with it but it doesn't seem like most people have seen the end.
Money just looping around until settling on a few people, otherwise doing nothing else = zero productivity, zero value
Action which results in a bit of productivity = a bit of value
Action with results in lots of productivity = lots of value
I'd say the exact degree of separation where it becomes "a problem" is roughly equal to the exact number of sand grains that form a pile. I can tell you one area where society is already suffering greatly from dead economy and that's the housing market. The downstream impact of that industry not being realistic is happening right now.
Also I would like to refer people to a story called "The Golden Goose." Everyone seems familiar with it but it doesn't seem like most people have seen the end.