Re:Economists who defend disaster profiteers are wrong
by hannasanarion on Monday April 13, 2020 @11:35PM
(#22862535)
The opinion that charging people out the nose for basic necessities is a bad way to allocate resources isn't the same as being "opposed to money"
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Re:Economists who defend disaster profiteers are wrong
by numbsafari on Tuesday April 14, 2020 @06:20AM
(#22864315)
100% Correct.
Money is still really important, but it’s dishonest and counterfactual to argue that mere access to liquidity can determine the clearing price for a market.
We know it doesn’t. That’s why we have the Fed.