6 ms·
This kind of misallocation is really the only thing keeping velocity of money high enough to sustain the economy
by vibrato 7y ago
This kind of misallocation is really the only thing keeping velocity of money high enough to sustain the economy
- chii 7y agoOr those losses the only thing preventing the creation of even greater things
- vibrato 7y agoWell, of course. Problem is that, apparently, we're doing the best we can.
- pbhjpbhj 7y agoCould you expand that a little for us slowpokes? Aside, I assume you mean "to sustain the [USA] economy"? Perhaps you mean World economy, or EU, or ...?
- deleted 7y ago[deleted]
- wool_gather 7y agoWhile I don't necessarily disagree with the conclusion, I think it's worth questioning the unspoken premise here: Is there no other way to support human life than these accelerating grinding gears of money-shuffling?