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tg3
searching PlanetScale…
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33 ms
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331.
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by
tg3
15y ago
But in a hyper-deflationary environment, which seems bound to happen with a currency with a fixed supply in a growing economy, almost no investment could provide returns in excess of the risk-free rate.
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by
tg3
15y ago
A share of an ETF is a claim on a financial asset that is backed by claims in other financial assets, usually stocks. So while it is one level higher than directly owning securities, it is still a claim on productive economic assets.