scotch houses
can you create money? well, yes and no. i explain. if you literally print money the secret service will come have a chat with you. if you hack into your bank and edit your balance, less nice people will come have a chat with you. so no. but... when you build a house you've created an asset that didn't exist before. it can be converted into money. say $1m. so by some definition you've created money. so yes. but... the money for that house was transferred from someone else's bank account. ie money was conserved. so no. but... somewhere out there is the federal reserve. every time you create a house they print some money. not the full amount of course. more like $50k. which becomes property of the us treasury. for use by the us government to pay for things that the us government does. like build bombs and bridges. so yes. by building a house, you've created money. in a sense. course turning the argument upside down... if you drink a $500 bottle of scotch, you've destroyed a resource. now the fed has to remove money from the system. my imagination conjures up ben bernanke lighting up a $20 bill.