I wonder why people don't do this more often with, say, Microsoft shares.
Patrick, people DO DO exactly that with MSFT shares! measured in the billions of dollars, as a completely common and every day matter, just how financial systems normally work every minute --
it's one of those weird things, like you know those visual puzzles that appear to be a man's concave nose but if you look at it for a second, its obviously his convex nose, duh! At first it seems weird that things like companies, houses, shares, employees expand a monetary system, but it's totally obvious when you look again, you knew it all along.
You own a house right, say you have $1m in equity. You use that equity all the time, literally like money, whether for buying money from someone else or for getting a loan (it's ... like money (ding!) sitting there, so naturally any bank will give you money based on it)
Note that these things are scarily flexible; if (ion the example) a housing market crashes or it appears the government is about to nationalize everything - guess what happens? That's right, all that money (or money-like stuff, which performs precisely all the functions of money) disapears.
Economies naturally expand a given amount of money into much, much more money - money multipliers! Deposit banks of course are one clear example of something that does this.
The practical upshoot is when you say "how many say USD are there?" there is, simply, no clear answer. I only recently found out that is what "M1, M2, M3 .. " mean. They are just successively broader measures of money. M1 is "just USD bills" interesting, but largely meaningless, as almost all "money" in the US of course is as checking accounts, visa cards, instant transfers etc. M2 i believe is like bills +_ checking accounts (still an almost useless measure). M3 includes literally the value of MSFT shares and all other shares, I think, and other "solid" credit items. And so on. (There simply IS NO clear factual answer to "how many USD are there" as there's various ways to measure it.)
I will now return to expanding the world's supply of goods.
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