3 ms·
I question your assumption about the velocity of money belonging to rich people. Barring flash trading, if they’re not hoarding it and collecting interest, they
by selimthegrim 4y ago
I question your assumption about the velocity of money belonging to rich people. Barring flash trading, if they’re not hoarding it and collecting interest, they’re spending it on real goods or investing? Isn’t that more along the lines of what seibelj said? Aren’t the rich mode likely to sit and let it collect interest?
- ppqqrr 4y agoSure, they like to have “their money do the work,” but they still have to find (or grow) a system where large capitals can sit and collect interests.