And between every dollar being backed by a bushel of potatoes or a dentist appointment and hyperinflation, lies a vast gap of other possibilities. For example dollars backed by future productivity that people believe will materialise which doesn't exist today. If you factor in debt and look at fiat as a form of debt it should become more obvious why you can create money today that enables people to do work which they otherwise wouldn't, without causing inflation, let alone hyperinflation, under the assumption of available real resources (labor, tools, metal, land, knowledge, etc).
avidamoeba
In fiat economies financial capital isn't a limiting factor since it can be and is created out of thin air as needed. The need for private citizens' money to grow the economy is often repeated idea but it doesn't hold water when you consider how their money was created in the first place. Specifically, currency issuing governments spend money into existence before being able to tax it. Therefore they don't need to tax in order to spend. If there are the real resources needed for certain economic activity to occur but the limiting factor is the lack of money, a competent government will spend the required money into that sector and the activity will materialize. There's no need to wait for private individuals to accumulate it over time in order to spend it to enable this economic activity. Crucially, even if you wait, the money is still going to come from a government's "printing press."
Other types of capital such as human, intellectual, can limit growth since they're not as easily replaceable. That's why I think your second point about who those people are is important. It is possible that they're knowledgeable workers in different domains. It is also possible that they're people skilled in exploiting others. If we assume the former, losing them isn't ideal. If we assume the latter, then it's a social value judgement of whether you want to have more or fewer of these types in your society, but they're not essential for economic growth.
Even if they exfiltrate the money, China as every other fiat economy can replace it using a keyboard.
If these folks are indeed knowledgeable and experienced workers, then having them leave isn't ideal. But whether they're such people or not is an open question. They might also be people who are good at exploiting others' labor for profit, just like their western many-multi-mil counterparts.
China saw the world's biggest outflow of high-net-worth individuals last year and is expected to see a record exodus of 15,200 in 2024, dealing a further blow to its economy, a new report says.
It's interesting how through the neoliberal lens this looks like "a blow" to their economy. But from a Keynesian or MMT lens, China doesn't need high net worth individuals to drive the economy. Public investment can and has done this in China as well as many other parts of the world.
From another angle, letting high net worth individuals flee, could reduce apparent wealth inequality in China.
You can get the binary from the project's website. Still not suggesting to f around with it.
If you have root you could theoretically add Memtest86+ to the boot order. There's tools that allow adding boot entries in EFI. You could probably place a Memtest86+ binary in your EFI partition and register it with the EFI firmware. But I'm not suggesting to do it since you could make the machine unbootable and the problem might be on the storage path. I'm just thinking of should be possible.
Most machines I owned that had kernel panics had either an NVIDIA or an AMD GPU graphics adapter, along with bad memory.
FTFY
Title says growth, article paragraph says contraction. Yeah technically contraction is negative growth. Still misleading.
SOFTWARE WAS NOT SUPPOSED TO BE STABLE
Someone with a case of brain rot.
They'll do an unprofitable thing? X
I find Windows significantly less convenient than Linux. It took a few years for my mindset to flip but there's just no going back. Whenever something requires me to use Windows, I reach for a Windows virtual machine. Whenever I've been forced to use a Windows or a Mac machine for work, I've reached for a Linux virtual machine.