Re:Uber's billion-dollar losses expose the fragile state of ...
by jdavis703 on Friday September 16, 2016 @04:09PM
(#12516964)
Even if Uber winds up a bust, the money they've paid drivers is really money which was used to buy real things in the economy. Since most countries have been unable to pass actual (or enough) fiscal policy, the only tool left to fight off a sluggish economy is monetary policy. I for one don't mind if the investor class bleeds some money because they can't afford (meaning the returns are too low) to invest in "safe" asset classes.
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