3 ms·

Okay, now where does all the demand for these Indian taxi services come from that are actually going to pay for all of these automobile imports? It's not like

Okay, now where does all the demand for these Indian taxi services come from that are actually going to pay for all of these automobile imports? It's not like Uber demand is insatiable. The notion that investing in Uber is going to drive the auto industry (which is completely contrary to the mission of these transportation companies) is an odd one. I can see that, at the margins, a company can spend money where it thinks it it can receive complimentary benefits. But this idea that you can spend your way into riches is a fallacy. So, I think we agree on some things, mainly that Japan is printing money and Softbank is a beneficiary and is using that cash to spread around the tech industry. Cheap money. Except I think it will backfire, eventually.

5822130027 7y ago
Most of your understanding of how money operates is a legacy of the gold standard, ( A large part of neoclassic and austrian economics is ). Lets take some of your conclusions to its limits shall we ? and see how much predictive power it truely has. In 2008, why did the Fed print 4 trillion USD ? If we cannot spend our way to riches, surely the fed should have shut the liquidity taps ? If the Fed did stop the liquidity taps - it would have caused a second great depression like event, surely we cannot spend our way to being rich ? Many people in the 1930s would have agreed with you ! You could argue that "The fed has made the situation much worse and the chickens will come home to roost". I do not see any chickens 10 years in, do you ? in fact everything seems to prove the amount of money printing was not enough due to non-existant inflation and outright deflation. Lets go back in time to the 10th Century, to the origin of fiat currency - the emperor of china build the great wall, how did he pay for it ? well he just issued paper money to create new purchasing power which allowed him to build his wall. 1000 years in - we just sit back and admire how it was possible to build such an engineering marvel in ancient times. ------------------------------ The chinese have a much more sophisticated understanding of money ( they were the ones who invented it after all ) - and they are using it to build railways, cities, supply chains, .... 1000 years in hopefully we are not ruled by people who do not understand the role of money in a modern state or else we will be left wondering how china was able to pay for terraforming Mars and turn an entire new planet chinese.

5822130027 7y ago

Most of your understanding of how money operates is a legacy of the gold standard, ( A large part of neoclassic and austrian economics is ). Lets take some of your conclusions to its limits shall we ? and see how much predictive power it truely has. In 2008, why did the Fed print 4 trillion USD ? If we cannot spend our way to riches, surely the fed should have shut the liquidity taps ? If the Fed did stop the liquidity taps - it would have caused a second great depression like event, surely we cannot spend our way to being rich ? Many people in the 1930s would have agreed with you ! You could argue that "The fed has made the situation much worse and the chickens will come home to roost". I do not see any chickens 10 years in, do you ? in fact everything seems to prove the amount of money printing was not enough due to non-existant inflation and outright deflation. Lets go back in time to the 10th Century, to the origin of fiat currency - the emperor of china build the great wall, how did he pay for it ? well he just issued paper money to create new purchasing power which allowed him to build his wall. 1000 years in - we just sit back and admire how it was possible to build such an engineering marvel in ancient times. ------------------------------ The chinese have a much more sophisticated understanding of money ( they were the ones who invented it after all ) - and they are using it to build railways, cities, supply chains, .... 1000 years in hopefully we are not ruled by people who do not understand the role of money in a modern state or else we will be left wondering how china was able to pay for terraforming Mars and turn an entire new planet chinese.