Calling All Hackers: How money works (2024)

Post by immibis » Sat, Jan 10, 2026, 10:37 AM UTC

staplers wrote: post #260

littlestymaar wrote: post #155

Earlier quoted context omitted.

I don't understand the point you're making. All kind of assets can lose value overnight, be it stocks or real estate.

Lending on no reserve secretly doubles the money supply, sometimes even more if repackaged multiple times. It creates a highly risky financial environment that taxpayers inevitably are forced to bailout (usually through layoffs and hyperinflation). Time and time again.

It's crazy how far you just tried to change the subject. At first you were claiming loans aren't assets, which is uncontroversially wrong. Now you're claiming lending creates money, which is a completely different statement, and uncontroversially true

Post by talentedcoin » Sat, Jan 10, 2026, 10:57 PM UTC

gerdesj wrote: post #257

talentedcoin wrote: post #97

Earlier quoted context omitted.

What gets on my tits more is people who are pretty bright in one field (hacking) thinking that entitles them to just brute force their way through reasoning about some other field (finance) that in their arrogance they think is simpler.

... and yet somehow I have muddled along running an IT company for 25 years (I'm the MD) and I have a fair idea about finances, including surviving some rather unpleasant financial environments that have rocked up over those years. One month in 25 years, my partners and I didn't pay ourselves. That's as close as we have got to having issues. We keep six months payroll, corp. tax and VAT in readies. The property mortg…

This comment makes it very clear to me that we are not talking about the same things, lol.

Re: Calling All Hackers: How money works (2024)

Re: Calling All Hackers: How money works (2024)