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Everyone wants to park some money and have other people work hard to increase the real value of said parked money. Not everyone can win big. Storing value is ac
by hahahahhaah 10mo ago
Everyone wants to park some money and have other people work hard to increase the real value of said parked money. Not everyone can win big. Storing value is actually pretty amazing thing and that it can be profitable is magic. Of course the environment and poorest pays some of the free lunch.
- agobineau 10mo agoit really depends on whether or not there is a global capital shortage. this is very easy to do when the economy requires much more capital than is available. and in the inverse, it is self explanatory
- Mountain_Skies 10mo agoAn investor friend once told me that the US needs to always be in debt because treasuries give investors a risk-free place to park their money between investments. The sense of entitlement was astounding.
- lametti 10mo agoI don't think this is necessarily entitlement. There are heteredox but popular economic theories (such as MMT) that view public debt issuance at least in part as a method to satisfy the demand for private savings.
- positr0n 9mo agoThat sounds like just describing the way the current global system works, not entitlement. Transitioning to another system would work (and seems inevitable at some point in the next hundred years??) but oof it would be chaotic.