3 ms·

Refreshing perspective, thanks.

• pjc50 5y ago
  Thanks - I'm influenced by Keynes and "anything we can actually do we can afford" / the view that money maps to a share of real resources. The contrapositive of that is "if it can't actually be done, it doesn't matter how much money you have". The pandemic has reminded people that supply shocks are real and the market cannot magic capacity from nowhere at zero notice. Growth provides more wealth. If the economy contracts - degrowth - somebody has to lose wealth. You can insure against that, move it to someone else, but like any kind of risk transfer that also costs money. I also note there are very few things you can buy a 25 year supply of and store conveniently in your house (apart from "housing" itself as a good!), but solar panels almost count as this and are a good hedge against inflation.