8 ms·
I really think this is the problem the financial world of numbers and spreadsheets and funny money has become almost completely divorced from the economic world
by kneebonian 4y ago
I really think this is the problem the financial world of numbers and spreadsheets and funny money has become almost completely divorced from the economic world where people actually make things and do things, and most of the "money" produced is really just by finding complicated ways to transfer risk from one person to another while retaining the money.
Too many people are busy trying to play financial games and not enough are actually looking to produce anything of value. It is worrisome where this long term trend takes us.