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> unproductive assets You mean savings? As in, we should discourage the key to long-term prosperity?
by johnnybgoode 17y ago
> unproductive assets
You mean savings? As in, we should discourage the key to long-term prosperity?
- Eliezer 17y agoYou're confusing savings (holding debts that someone else supposedly must pay, in this case, central bank debt) with investment.
- johnnybgoode 17y agoNo, I'm not. Savings precede investment.
- wlievens 17y agoYeah, you save up a good chunk of money before even starting to think about buying a house (through a mortgage).
- lallysingh 17y agoOn a sidebar (I'm doing that a lot today on HN), pure savings are pretty unproductive, they'll lose value against inflation.