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Another example of fine financial engineering. Money from financial instruments (interest income, capital gains, etc) should be restricted in its use. That mone
by bawana 5y ago
Another example of fine financial engineering. Money from financial instruments (interest income, capital gains, etc) should be restricted in its use. That money should only be usable in purchasing real goods (not options) real products and real labor. By allowing investment gains to be used for further investment, we allow increasing demand for financial instruments to drive up their prices and attract even more money. Instead of building roads, schools and paying our teachers, we are using our money to 'buy more money', an abstraction that does not really benefit us.