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> I've no interest in reading Ray Dalio. By admitting to bigoted ignorance, you lose the argument. Money is half of practically every transaction. Therefore i
by taolegal 4y ago
> I've no interest in reading Ray Dalio.
By admitting to bigoted ignorance, you lose the argument.
Money is half of practically every transaction. Therefore its value has an enormous influence on economic activity. All economic calculation of individuals going about their lives ends up based on these flawed artificial signals created by self-righteous academics & experts. Why does practically every important sector of the economy suck? They're managed by the government & based in expansionary monetary policy. Cheap money leads to cheap services & products. It's only when economic activity is based on long-term thinking (the opposite of near-zero interest rates) will society have a prosperous economy.
Also, the entire salaried economy is debased since the transaction cost of changing jobs will be a constant force along with devaluing money, in effect, constantly & indefinitely stealing money from every worker.
- spywaregorilla 4y agoGolly I didn't realize not wanting to read Ray Dalio made me a bigot.
- taolegal 4y ago> One who is strongly partial to one's own group, religion, race, or politics and is intolerant of those who differ.
- spywaregorilla 4y agoAnd which one of these am I strongly partial to and intolerant of for those who differ? I'll grant you a win if you choose people who worship Ray Dalio religiously. That's totally fair.
- deleted 4y ago[deleted]