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Podcast: PRay TeLL, Dr. Hash
Episode: 1434 Disappearing Money
Description: Money can appear or disappear at any time because it’s only a matter of accounting. For example, if you bought a share of GameStop stock for $1 and it went up to $300, that $299 gain materialized from nowhere; nobody put $299 into the market for your share, they bought someone else’s share for the $300, bits in a computer twiddled, and now everyone assumes your share is worth $300 too. It’s not just your share that went from $1 to $300, it was all shares. The same thing works in reverse; obviously, there’s nothing like the physics of Conservation Of Energy, where the total re...