A 600-Page Textbook About Modern Monetary Theory Has Sold Out

Re:A 600-Page Textbook About Modern Monetary Theory Has Sold... by Dylan16807 on Friday May 31, 2019 @06:10PM (#20065482)

> i.e. the few middle/upper middle class people who choose to live within their means, keep a rainy day fund, save for a vacation instead of putting it on a card, etc.

You're describing someone that's good at managing money, which runs counter to the idea of having a big pile of uninvested cash.

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Re:A 600-Page Textbook About Modern Monetary Theory Has Sold... by dsfyu404ed on Friday May 31, 2019 @06:12PM (#20065499)

I'm describing someone who values stability and liquidity over returns.

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Re:A 600-Page Textbook About Modern Monetary Theory Has Sold... by Dylan16807 on Friday May 31, 2019 @06:22PM (#20065568)

Is there any circumstance where you need more than a couple month's income to be in liquid form, without notice? Inflation doesn't have a major impact until you're building up huge amounts.

And if you would ever actually consider gold for stability, stocks should be no problem at all.

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