if wealth is money in this context, and printing is creation in this context, what is the difference between printing money and creating wealth? the new money went somewhere. if i remember correctly it went indiscriminately to business owners, with no stipulations on how it was spent, and then blanket forgiven with no questions asked. to my mind that is wealth creation and the root cause of the inflation we've seen since (the printing not just the PPP)
HN user
demritocracy
looks like a lot of wealth was created out of thin air about 6 years ago https://fred.stlouisfed.org/series/M1SL
it's my name formatted firstmlast, nine characters long, and I'm not famous. I would absolutely sell it if it wasn't tied to me like that
I was wondering why I got 15 instagram password reset emails over the weekend. It also reminded me I had an instagram account, which I promptly tried to log into and delete.
I created the account when instagram first came out, never used it, and totally forgot about it. I got stuck in a strange position where I had to login from a device I had previously logged in from, but because it's been over a decade, I no longer have any of the devices I might have used to create/access the account.
I still have access to both the email and phone number used for the account, but that was not good enough.
How hilariously incompetent. I filed a CCPA complaint.