IRRs and APRs always exist. Interest measures cost of capital, an emergent property of money. Today, it is intrinsic, justified by inflation of money supply.
Capitalism is about sharing risk and reward. Fund projects via target returns, and share prices - not credit allocation.
I’m enjoying just giving things to people straight these days - hope it makes them think and don’t care if it offends lol, they’re still welcome for food and drink otherwise
What’s wrong with interest? It incentivizes credit creation, experienced as inflation. This distorts prices and devalues work.
Yes, most fiat money today is usury-lite.
Just cus the government regulates alcohol, it doesn’t make daily consumption good for health, at 2% or 70%.
economists need to start and operate a business from zero to sustainably paying their salary - they'll quickly see all the models and theories break, and it will free them from writing grant-aligned pieces of nobel garbage
Very well curated - great learning about consumer spending and Middle Eastern politics. People don’t think the Saudi is leveraged - it is.
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God bless Vancouver with more sun! We’ve had 3 months of cloud cover with the atmospheric river it’s crazy, most depressing season in 10 years of being here.
