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That could make it worse. What you’ve described are really just derivatives, which brought down the economy in 2008. An infinite number of bets on a finite amou
by Top19 9y ago
That could make it worse. What you’ve described are really just derivatives, which brought down the economy
in 2008. An infinite number of bets on a finite amount of resources.
Think about it like going to the horse racetrack. Nothing stopping anyone from betting $40 billion on a few horses. Win or lose, a ton of instability will occur once they either need to come up with $40 billion to cover their losses or have someone pay them $40 billion for their winnings.