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by prottog 1147 days ago
> encouraging profitable investments rather than sitting on assets

A difficult distinction to make, since profitable investments are also assets that one would presumably like to sit on for a while.

2 comments

The majority of “investments”, as in loans granted by banks, are people with fixed assets buying more fixed assets, such as real estate. The innovators, mom & pops, farmers etc who take a loan for a venture are the minority. Makes sense for the capital holder. Why take risks when cornering markets is much safer?
I think he's referring to "rent seeking behaviour"