4 ms·
If you’re asking with genuine curiosity: whatever venture was not invested in because it went to buying Tech Titan stocks instead. Concentrated wealth doesn’t
by dijit 1y ago
If you’re asking with genuine curiosity: whatever venture was not invested in because it went to buying Tech Titan stocks instead.
Concentrated wealth doesn’t circulate well, which leads to inflation.
I thought we all had some economic chops on this forum?
- missedthecue 1y agoWealth doesn't circulate. Currency circulates. They aren't the same thing. And a "concentration of wealth" can't lead to inflation or debasement, I'm not sure what that sentence means.
- specialist 1y agoYes and: Our economy now has fewer young(er) small- to mid-sized companies. The kind that have historically been the engines for creating jobs, for creating wealth (vs merely transferring it), and innovation. I was excited by all new green energy startups due to Biden Admin's policies (BIL, IRA, etc). Oh well... I know you know all this; I'm just compelled to repeatedly point out the obvious.
- Kranar 1y agoConcentrated wealth along with a lack of currency circulation results in deflation, not inflation: https://en.m.wikipedia.org/wiki/Velocity_of_money https://en.m.wikipedia.org/wiki/Velocity_of_money Pretty ironic that you'd call out economic chops when this is a very basic and well understood principle. Perhaps be more cautious and less confident in your presuppositions going forward.
- dijit 1y agoYou’re absolutely right, that was a test. The fact that you’re the only one to point it out makes me think that I have put too much faith here. It’s patently obvious that less circulation is a depressive force on economic activity.