2 ms·
You're missing the point. I actually had this realization on my own and had heard that the concept was outlined in the book which is what prompted me to read it
by friend_and_foe 3y ago
You're missing the point. I actually had this realization on my own and had heard that the concept was outlined in the book which is what prompted me to read it.
Cheap money cheapens everything, because the velocity of money is high and so capital turnover is the name of the game. To make a profit, what you sell has to be cheaper than the money you get. It cheapens people because they have to constantly be scratching for a buck just to keep up.