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Perhaps more likely than the scammed. For example, the scammers may purchase equities.
by wyager 5y ago
Perhaps more likely than the scammed. For example, the scammers may purchase equities.
- Mvandenbergh 5y agoWould be quite funny if the scammers were hard-core Bogleheads dumping everything into ultra-low-fee index funds.
- AlexandrB 5y agoIn an economy where companies prefer to invest in R&D with credit and buy back stock, purchasing equities seems less beneficial than stimulating demand by just buying stuff.
- wyager 5y ago“Stimulating demand” is nonsense - applied Broken Window Fallacy. The net effect of equity investment is to increase the amount of capital targeted towards the production of capital goods; i.e. deferring consumption makes humanity richer in the long term.