I just find it highly implausible that people who plain their families’ wealth in centuries, rather than decades, don’t know that destabilizing their own states’ currencies can lead to nothing good. But I’m equally sure those of us who plan survival on deposit to deposit are missing something that should be glaringly, and will become painfully obvious.
Every crisis under capitalism resulted in gigantic wealth transfer to the ultrawealthy. They get to scoop up devalued enterprises and properties for cheap while regular people lose their homes, small businesses, farms and whatnot. I actually think people who plan their wealth in centuries care very little about price fluctuations on their medieval palaces, multinational corporations, intellectual property, art collections and so on. They understand the value does not equal price. It’s the regular folks who pay mortgage on their only house who care about currency stability.
I just find it highly implausible that people who plain their families’ wealth in centuries, rather than decades, don’t know that destabilizing their own states’ currencies can lead to nothing good. But I’m equally sure those of us who plan survival on deposit to deposit are missing something that should be glaringly, and will become painfully obvious.
Every crisis under capitalism resulted in gigantic wealth transfer to the ultrawealthy. They get to scoop up devalued enterprises and properties for cheap while regular people lose their homes, small businesses, farms and whatnot. I actually think people who plan their wealth in centuries care very little about price fluctuations on their medieval palaces, multinational corporations, intellectual property, art collections and so on. They understand the value does not equal price. It’s the regular folks who pay mortgage on their only house who care about currency stability.
Woah. “A fool knows the cost of everything and the value of nothing,” just took on a whole new meaning.