3 ms·
>which is admittedly hand wavy and ill informed, but there must be some limit to how efficiently a given economy can put capital to use, faced with abundance, t
by avs733 11y ago
>which is admittedly hand wavy and ill informed, but there must be some limit to how efficiently a given economy can put capital to use, faced with abundance, that lack of efficiency might show up as outlier valuations of particular experiences.
I tend to think that the people spending money on this are unlikely to be the type of people capable of putting capital to a more 'efficient' or effective use.
- maxerickson 11y agoMy comment is more of an attempt to understand how they acquired the money in the first place. Large numbers of fools with inheritances (the easy feel good explanation) still implies some lack of efficiency in the step that comes before them getting the inheritances.
- avs733 11y agotrue/fair enough