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I don't see why the economy benefits long-term from people spending/investing only to get the money off their hands. Especially when it gets parked in things li
by hot_gril 2y ago
I don't see why the economy benefits long-term from people spending/investing only to get the money off their hands. Especially when it gets parked in things like gold and real estate just cause those supplies are sorta fixed.
- lxgr 2y agoAsset bubbles are indeed a sign of monetary and fiscal dysfunction, but so are hoarding and excessive wealth accumulation.
- hot_gril 2y agoWe have the combo right now, hoarding in assets. Inflation doesn't make rich people/corps spend more, just invest it differently.
- intended 2y agoInvestments move to stocks and equity. Real estate itself gets traded via proxy on the markets.