Also, other appreciating assets have some use within the wider economy.
Sure, but that has nothing to do with what I said about them.
Again, you’ll notice people are spending their capital on things they don’t need all day, rather than than investing it in appreciating assets. Why are they doing that? Why would they buy things they don’t need today, when they could invest in an appreciating asset and be able to afford 10 of those things tomorrow?
Sure, but that has nothing to do with what I said about them.
Again, you’ll notice people are spending their capital on things they don’t need all day, rather than than investing it in appreciating assets. Why are they doing that? Why would they buy things they don’t need today, when they could invest in an appreciating asset and be able to afford 10 of those things tomorrow?