Wealth is bound up in the idea of money, which is a little problematic from a market standpoint. If you amass gold, it won’t spawn more gold. But if you hoard money, you can earn interest on it. So, it literally pays to accumulate money. This directly and profoundly interferes with the efficient distribution of goods and capital.
Andrew Furst
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The post Money and Markets – Thoughts On American Ideals written by Andrew Furst appeared on Andrew Furst.
Published on May 24, 2017 04:00