3 ms·
Maybe I was too quick to jump to conclusions, but honestly I am extremely skeptical of that explanation. Governments always want to blame speculators (see also
by DonsDiscountGas 3y ago
Maybe I was too quick to jump to conclusions, but honestly I am extremely skeptical of that explanation. Governments always want to blame speculators (see also CEOs and share price drops) but nine times out of ten it's because the price was too high in the first place (see also Soros and GBP in 1992).
- fxytrain 3y ago[dead]
- imtringued 3y agoSpeculative attacks are the result of not charging for liquidity. It's kind of like renting out an apartment for free. Why complain about squatters if you are letting them in for free? If you charged for liquidity all the squatters would be gone and you wouldn't be surprised by sudden changes in vacancy rates as squatters move to a different city. But "logic" dictates that no such fee must be allowed to be charged. After all, think of all the poor poor people who would no longer be in debt, they might have to pay a miniscule portion of it! Can't have that.