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by sweeter 411 days ago
I think that is about the most gentle way you can put it. This is an echo of 2008 and the notion that this is normal is so absurd to me. It comes off as super out of touch. Financing groceries is dystopian.
1 comments

I agree. Just because you can price, trade, and provide liquidity for "a thing" doesn't mean "that thing" can, or should, be financialized.
But but but “complete market”!

The deployment of Econ-degree lingo doesn’t help the case.

Yup. Different "rules" apply at different scales. Something, something quantum finance.