Ugh, yes of course if you got richer you got the money from somewhere. If you thought I thought otherwise, you were mistaken. (Of course it could’ve just been printed by the government, but that will cause inflation if not balanced by some kind of in-country value creation or spending reduction.) (Edit: also, Google tells me “Mercantilism was based on the principle that the world’s wealth was static” and I do not have any such “mercantilist intuition”.)
Ugh, yes of course if you got richer you got the money from somewhere. If you thought I thought otherwise, you were mistaken. (Of course it could’ve just been printed by the government, but that will cause inflation if not balanced by some kind of in-country value creation or spending reduction.) (Edit: also, Google tells me “Mercantilism was based on the principle that the world’s wealth was static” and I do not have any such “mercantilist intuition”.)