4 ms·
Correct. People aren't going to lend you money based on a collateral of less money. What is your point?
by Eisenstein 4y ago
Correct. People aren't going to lend you money based on a collateral of less money. What is your point?
- olalonde 4y agoJust pointing out the flaw in NNT's reasoning. Obviously, USD (and EUR, BTC, CAD, etc.) has value despite lacking a cash flow. Essentially, it's worth something because people believe it's worth something.
- TacticalCoder 4y ago> Obviously, USD (and EUR, BTC, CAD, etc.) has value despite lacking a cash flow. Essentially, it's worth something because people believe it's worth something. Don't know about that but it seems an accepted fact, even here on HN, that it's worth two digits less than 18 months ago (due to inflation). Kinda hurts.