3 ms·
It is darkly amusing that the actions of the wealthy are indirectly causing negative interest rates. Wealth, like fertilizer, needs to be spread around to do i
by m0llusk 7y ago
It is darkly amusing that the actions of the wealthy are indirectly causing negative interest rates. Wealth, like fertilizer, needs to be spread around to do its magic. The only known robust solution to this problem is to invest in the general public and only governments are sufficiently large and broad to be able to do that. Neoliberalism is turning out to be yet another economic framework that is simple, neat, and wrong.
- Fjolsvith 7y agoOne would think that the wealthy would invest in markets where they would at least have a return on their wealth.