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Producers and consumers can provide their own damn liquidity. It's called "budgeting". This seems to be an explanation ex post facto and not a reason for its g
by uoaei 4y ago
Producers and consumers can provide their own damn liquidity. It's called "budgeting".
This seems to be an explanation ex post facto and not a reason for its genesis. This insane liquidity generation scheme is one of many expressions of the force that drives unbridled exponential growth, which we can now see is in excess of what our environment writ large can sustainably provide.
The pursuit of short term money-on-money returns is eating the world, and sycophants who personally benefit are turning blind eyes to this very basic and obvious fact.