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"Making everyone a millionaire" is so easy to refute. It's a nonsense talking point masquerading as an argument. It's a waste of time to consider it, but here w
by pnutjam 6y ago
"Making everyone a millionaire" is so easy to refute. It's a nonsense talking point masquerading as an argument. It's a waste of time to consider it, but here we go.
There is value in being able to predict the cost of things, a wild swing in costs and monetary policy probably won't damage the system, but it will make assets difficult to value and our system needs to do that.
Done
- water8 6y agoThe whole reason the stock market is a thing is because the cost of things is unpredictable. But next time your advice for fortune-telling will surely be better received with less arrogance.