Re:American Equity
by eru on Monday November 27, 2017 @06:50PM
(#15792892)
You are right about monetary offset, if the central bank is well-run. (Which eg the Fed wasn't during the last recession.)
Of course, someone still has to decide whether to consume now or invest. Or whether to invest in economically efficient ways, or in ways that are only economically efficient because of weird tax arrangements (but are actually less productive).
Of course, someone still has to decide whether to consume now or invest. Or whether to invest in economically efficient ways, or in ways that are only economically efficient because of weird tax arrangements (but are actually less productive).