4 ms·
> The returns that capital demands (and the government obliges to) are ultimately unsustainable. That's the start of the top comment, really? We're emerging fr
by gizmondo 4y ago
> The returns that capital demands (and the government obliges to) are ultimately unsustainable.
That's the start of the top comment, really? We're emerging from the era of unprecedentedly low returns on capital. There are trillions in bonds with negative nominal yield ffs.