GhostOnTheHalfShell, 10 days ago @FantasticalEconomics Investing and managing stock investments carry different priorities than investing and managing production. The priorities are at odds with each other. Tangible failure shambles on because financial engineering is succeeding. Because of this, the assertions of Friedman, that the market culls failure, isn't operative at least for actual output. https://youtu.be/SSBsW3Qzqjs
@FantasticalEconomics
Investing and managing stock investments carry different priorities than investing and managing production.
The priorities are at odds with each other. Tangible failure shambles on because financial engineering is succeeding.
Because of this, the assertions of Friedman, that the market culls failure, isn't operative at least for actual output.
https://youtu.be/SSBsW3Qzqjs