2 ms·
The comments in this thread prove yet again that economics is a far cry from any science. Nobody really understands why this system of credit actually works as
by danielschonfeld 5y ago
The comments in this thread prove yet again that economics is a far cry from any science. Nobody really understands why this system of credit actually works as well as it does and even more troubling is what will be it's next iteration given that it's starting to crumble.
Unfortunately for most of us though it appears as though the adage that 'cash is trash' is starting to become a very real problem even in the west and necessitates that all of us transition to holding yield producing assets with risk. In other words, even grandma is an investor (aka gambler) now by force.