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It is a huge reason why 10+ years of zero interest rates and capital being worthless is a terrible idea. It creates such massive dislocation and waste. Capital
by baandam 4y ago
It is a huge reason why 10+ years of zero interest rates and capital being worthless is a terrible idea. It creates such massive dislocation and waste.
Capital is no longer worthless. The entire complex system is rewiring but it will be a long process. So many self interested sticky wires to break.