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A comment on Ask HN: How to prosper under negative interest rates?. Parent comment
This is a problem. The "risk free returns" are state enabled rentier schemes. They are not only "risk free", they are also "effort free".
If someone is taking a free ride they are a rentier.
If you have a lot of these people, overall living standards tank.
If it becomes the only paradigm that people can imagine making a difference, you are on the road to total collapse.
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This is a problem. The "risk free returns" are state enabled rentier schemes. They are not only "risk free", they are also "effort free".
If someone is taking a free ride they are a rentier.
If you have a lot of these people, overall living standards tank.
If it becomes the only paradigm that people can imagine making a difference, you are on the road to total collapse.