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But it is. Anything that has to be earned and saved over time to make a purchase is a store of wealth. Think saving cash(or putting in bonds) for a down paymen
by NTDF9 7y ago
But it is. Anything that has to be earned and saved over time to make a purchase is a store of wealth.
Think saving cash(or putting in bonds) for a down payment.
- selectodude 7y agoBonds are an asset class. Cash is not.
- NTDF9 7y agoI cant tell if you are naive or just ignoring the conveniently that cash is also an asset. In deflation, it is a better asset than stocks. In negative interest rate environment, it is a better asset than bonds. Please end this discussion
- selectodude 7y agoDeflation is an economic failure. NIRP is, in my opinion, an economic failure. If cash is only a good asset class when shit is hitting the fan, that probably implies it’s not a very good store of wealth!
- NTDF9 7y ago> If cash is only a good asset class when shit is hitting the fan, that probably implies it’s not a very good store of wealth! Why do you think the same about any other asset that relies on inflationary monetary system?