this post was submitted on 07 Nov 2023
2213 points (92.9% liked)
Microblog Memes
5863 readers
3829 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No, that's literally the definition of growth (the variation of GDP from one year to the next, the GDP itself is defined as the sum of gross value added). We can make growth out of thin air if we want, it's a purely accounting metric.
I sell you a pebble for a $1000 and you sell it back to me and we created $2000 of growth without anything physically happening.
You missed the point. Everything you are describing is hypothetical. Cash and dollars are physical, but "value" and "growth" that you have described are hypothetical.
I'm not sure what you mean by "hypothetical", these aren't hypothesis, these are their definition. And their definition means they are limitless, just as the definition of "beauty" or "numbers" make them limitless. They aren't bound by the physical world.
(also dollars are equally abstract, currencies exists as human convention, having $1 billion more in your bank account is just a few bits flipped in a database)