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Stupid question: When the stock market goes down 3 trillion or whatever, does that money go anywhere? (hexbear.net)

submitted 1 week ago by UmbraVivi@hexbear.net to c/askchapo@hexbear.net

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Like, are there any winners in this equation? I know we talk about money not being real, but like, how not real is it? Where do those trillions go?

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[–] MoreAmphibians@hexbear.net 11 points 1 week ago

It doesn't go anywhere because it never existed in the first place.

It's like when it's the day after Easter and all the Easter candy gets discounted. If you took the previous total price of all the candy and figured out how much it went down after the discounts, then you could figure out how much the Easter candy market "dropped" but it's not a meaningful measure for anything.

Why we treat it as a meangingful measurement and base our society around it..., that's beyond me.