Re:Companies Use Borrowed Billions to Buy Back Stock, Not to...
by conanbatt on Sunday August 11, 2019 @04:46PM
(#20670377)
Bastiat warned centuries ago about the dangers of nominal money.
If the companies borrow money and do nothing with it, they are not provoking scarcity of any kind, they are storing bits of a bank account still, doing nothing at all.
If the companies borrow money and do nothing with it, they are not provoking scarcity of any kind, they are storing bits of a bank account still, doing nothing at all.