alright so i may be way out of my depth here, and completely off track.
i was just topping up my adwords balance when i sat back and thought, what is it exactly that i am purchasing here. in theory all im purchasing is pixels? right?
does this mean that companies such as google, where all they really do is charge for pixels and advertising, can ahve quite an impact on a countries inflation? apart from some man power and some servers(unless im completely missing something) they don't really produce anything?
i read that wars are inflationary, because a hell of alot of money is pumped into disposable items such as bombs etc. and the end result is alot of cash, but no form of product or anything beneficial to an economy to keep it ticking.
does google then fall into a similar category? generating a hell of alot of money but at the end of the day, not really having anything of real value being generated?
or are they still not of a big enough scale to ahve any real impact. surely if you have a large number of companies doing the same thing it would.
is this the very essence of what causes tech bubbles?