No access to capital can and does constrain supply to a very high degree.
Capital will not be hoarded and stuffed in pillows without Usury. People are happy to take bets for profit and loses, I mean, that is like the entire stock market schtick.
I don’t exactly see how the modern stock market is superior based on the (moral not economic) criteria being discussed in this thread?
It’s even more speculative and detached from productive behaviors.
Capital will not be hoarded and stuffed in pillows without Usury. People are happy to take bets for profit and loses, I mean, that is like the entire stock market schtick.
I don’t exactly see how the modern stock market is superior based on the (moral not economic) criteria being discussed in this thread?
It’s even more speculative and detached from productive behaviors.