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Anthropic raises $13B Series F

(www.anthropic.com)
585 points meetpateltech | 2 comments | 02 Sep 25 16:04 UTC | HN request time: 0.001s | source
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usrnm ◴[02 Sep 25 16:23 UTC] No.45105203[source]▶
I feel like the money itself makes less and less sense these days. It's just numbers that are becoming increasingly detached from the real world
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fullshark ◴[02 Sep 25 16:33 UTC] No.45105400[source]▶
The real world sees no other opportunities for outsized returns. Too much money chasing too little opportunity.
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marcosdumay ◴[02 Sep 25 16:54 UTC] No.45105724[source]▶
That's what wealth inequality does.
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wagwang ◴[02 Sep 25 17:05 UTC] No.45105879{3}[source]▶
No that's what low interest rates does
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Printerisreal ◴[02 Sep 25 17:27 UTC] No.45106231{4}[source]▶
No that's what PRINTING fiat money does. Low or high interest rates, they print $trillions
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arcticbull ◴[02 Sep 25 17:43 UTC] No.45106493{5}[source]▶
Who's "they"?
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Printerisreal ◴[02 Sep 25 18:01 UTC] No.45106748{6}[source]▶
Governments, CBs and investment banks. "They" do it and work together to print more.
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arcticbull ◴[02 Sep 25 18:08 UTC] No.45106858{7}[source]▶
In a centrally banked economy, retail and commercial banks create money when you take out loans. The government doesn't create money except during QE which only happened twice in the US, 2009-2014 and 2020-2021. That's why I was curious what you meant by "they." The Fed has been actively destroying money for the last 4 years.
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1. marcosdumay ◴[02 Sep 25 19:30 UTC] No.45107919{8}[source]▶
The government creates money every time it spends more than it taxes. AFAIK, the US has been doing that nonstop since the turn of the century.

That new money is different from the new money the central bank creates to push interest rates down. That later one the US has been destroying. But both do many of the same things (but not all).

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2. arcticbull ◴[03 Sep 25 17:17 UTC] No.45118284[source]▶
No, it doesn't. Deficit spending does not create new money. Deficit spending borrows existing money from people in the economy who already have it, and gives it out in exchange for a share of future revenues. The Fed does not participate in Treasury primary auctions and does not monetize the debt as a means of funding government operations.

Think about it this way: if money were just created to fund the deficit why would we have a debt? That's double-counting. You can invalidate your hypothesis very easily: the M2 money supply is about half the size of the debt. It's not possible to square that circle unless deficit spending was re-pledging existing money.