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samb1729 | 3 years ago

> If no one ever made a billion dollars, so to speak, there would be no money at all.

Could you please elaborate?

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afiori|3 years ago

The amount of money/value/richness in the world is not constant.

Suppose we all lived on an island in a completely stable economy valued somehow at 1 trillion dollars.

Then imagine that a dozen or so explorers went to another island and started a completely independent economy that (after some centuries) gets also valued at 1 trillion dollars.

The latter billion dollar was created at the meager cost of a boat and the life work of some people.

This is a horrible analogy for anything that ever happened, but it is something that could possibly happen.