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When you have an economy whose volume is 99% speculation, its function becomes a self-fulfilling prophecy up until the point where real resources that feed and
by uoaei 9y ago
When you have an economy whose volume is 99% speculation, its function becomes a self-fulfilling prophecy up until the point where real resources that feed and house people start drying up.
Further, the US government can literally inject money at will into the market. That is what is happening when you have interest rates less than or equal to 0. They're saying "we don't really need money back until it starts helping you make money from the various levels of abstraction (options, futures, etc.) that enable literal money creation."