Hacker News Reader

I believe in the conservation of value.

You don't think it's possible to create wealth? Or do you just mean that it is conserved within the finance industry?

Not by pushing paper around. If you make something concrete, yes. If some creates a brilliant new patent or technique, yes. But purely paper financial maneuvers like CDO's and short selling etc. do not create real value in the aggregate.

Reply on news.ycombinator.com