Lumifer comments on Rationality Quotes August 2013 - Less Wrong

7 Post author: Vaniver 02 August 2013 08:59PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (733)

You are viewing a single comment's thread. Show more comments above.

Comment author: Lumifer 02 August 2013 07:07:23PM *  8 points [-]

First off, it seems like wealth is a zero-sum game.

Wealth is very clearly NOT a zero-sum game.

If I make money then someone somewhere else is losing money

Wealth isn't about money, it's about value. Ask yourself: if you create value, is someone somewhere else destroying value?

Money (in this context) is just a unit of account. Any central bank can produce an unlimited amount of these.