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by grinnbearit
4629 days ago
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> Now at time T+t you want to have X+d value where d=0 is okay, but (d < 0) is unacceptable.
> ... a better return than the rest of the aggregate efforts of human-kind If a venture produces a lower return than the rest of human kind, 'd' will be negative. Knowing whether d will be positive or negative
let alone by how much is difficult. > The highly risky investments will simply not happen. There won't be any bubble mania. The high risk investments will absolutely happen but only if the rewards are commensurate. The issue with monetary policy is the skewing of risk/reward. |
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