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You've basically written a lot of words here to say that Musk is making companies people want to invest in, and somehow that's the Fed's fault.
by Anon1096 4y ago
You've basically written a lot of words here to say that Musk is making companies people want to invest in, and somehow that's the Fed's fault.
- camjohnson26 4y agoYou’re missing the key point then. People want to invest in NFTs too, and if you don’t see why that’s a problem you’re willfully blind.
- avalys 4y agoWhy is what other people do with their money a problem for you? I think NFTs are stupid, but I don't think they're "a problem". People spend lots of money on stuff I find stupid. I would never buy a Gucci handbag, they have about as much value as an NFT. But if someone else wants to, it doesn't hurt me, so, so what?
- cycomanic 4y agoSo people also wanted to invest in Bernice Madoffs scheme, you didn't see a problem with that either?
- camjohnson26 4y agoBecause it added fragility to the economy, just like people over paying for mortgage backed securities in 2008. If it was a few foolish individuals that would be different, but reckless speculation has been actively encouraged by the Fed across the whole economy, NFTs are just one example.