Bonds mature. In a few years you have to figure out where to park the billions. Land persists. In a hundred years the land will still be there growing grapes or

Bonds mature. In a few years you have to figure out where to park the billions. Land persists. In a hundred years the land will still be there growing grapes or grazing cattle. If you are hedging inflation, it’s not wealth. Don’t misunderstand me, I get where you are coming from. It is not the world of wealth. On the timeline of civilization capitalism is a recent innovation. Wealth is as old as civilization. Thinking about wealth with capitalist assumptions obscures wealth’s mechanisms.