2 Matching Annotations
  1. Apr 2019
    1. Yes, but isn't this what investing is? You try to pick the right company so you make money? If you protect investors from the risk of losing money if they make a bad decision, then you've given up on the whole point of capitalism: capitalists are supposed to allocate resources to the proper part of society because if they don't do so, they don't make money.

  2. Mar 2019
    1. Antitrust policy then became monetary policy

      Not a new point! This is what Galbraith says in The Affluent Society. Inflation is a result of the arms race between large semi-monopolies and labor to increase prices (and wages). The wage-price spiral.