Skip to main content
Economics

Return to Question

replaced http://economics.stackexchange.com/ with https://economics.stackexchange.com/
Source Link
Community Bot
Community Bot
  • 1

In this questionquestion, with answer here Destroying the DollarDestroying the Dollarhypothetically a hack is used to trick whatever programme is used to make sure accounts balance, so say a transfer is made from Bank manager A to Hacker's B account, the value of said transfer is deposited into B's account but when it is to be subtracted from A's account the hack tricks the bank programme to think the transaction bounced and so the amount is deposited back into A's account but is not reduced by B's account. Would this be possible. And if so, would this create wealth out of nothing, and assuming the hacker will go on to spend this money in the economy raise GDP?

In this question, with answer here Destroying the Dollarhypothetically a hack is used to trick whatever programme is used to make sure accounts balance, so say a transfer is made from Bank manager A to Hacker's B account, the value of said transfer is deposited into B's account but when it is to be subtracted from A's account the hack tricks the bank programme to think the transaction bounced and so the amount is deposited back into A's account but is not reduced by B's account. Would this be possible. And if so, would this create wealth out of nothing, and assuming the hacker will go on to spend this money in the economy raise GDP?

In this question, with answer here Destroying the Dollarhypothetically a hack is used to trick whatever programme is used to make sure accounts balance, so say a transfer is made from Bank manager A to Hacker's B account, the value of said transfer is deposited into B's account but when it is to be subtracted from A's account the hack tricks the bank programme to think the transaction bounced and so the amount is deposited back into A's account but is not reduced by B's account. Would this be possible. And if so, would this create wealth out of nothing, and assuming the hacker will go on to spend this money in the economy raise GDP?

edited title
Link
Sunhwa
Sunhwa
  • 871
  • 7
  • 17

Understanding Why is Double-entry Bookkeeping always equal? (Part 2)

Source Link
Sunhwa
Sunhwa
  • 871
  • 7
  • 17

Understanding Double-entry Bookkeeping (Part 2)

In this question, with answer here Destroying the Dollarhypothetically a hack is used to trick whatever programme is used to make sure accounts balance, so say a transfer is made from Bank manager A to Hacker's B account, the value of said transfer is deposited into B's account but when it is to be subtracted from A's account the hack tricks the bank programme to think the transaction bounced and so the amount is deposited back into A's account but is not reduced by B's account. Would this be possible. And if so, would this create wealth out of nothing, and assuming the hacker will go on to spend this money in the economy raise GDP?