6 ms·
> encouraging profitable investments rather than sitting on assets A difficult distinction to make, since profitable investments are also assets that one would
by prottog 3y ago
> encouraging profitable investments rather than sitting on assets
A difficult distinction to make, since profitable investments are also assets that one would presumably like to sit on for a while.
- klabb3 3y agoThe majority of “investments”, as in loans granted by banks, are people with fixed assets buying more fixed assets, such as real estate. The innovators, mom & pops, farmers etc who take a loan for a venture are the minority. Makes sense for the capital holder. Why take risks when cornering markets is much safer?
- peterashford 3y agoI think he's referring to "rent seeking behaviour"