Re:Why did Warren Buffett invest $6B+ in centuries-old Japan...
by primrose on Thursday October 01, 2020 @01:22AM
(#24647624)
"Working people had to pay these other people and for what?"
The productive capacity this money enabled. Except instead of the gov doing it 1000 miles away, they had skin in the game, took risks and monitored the situation to ensure success.
Re:Why did Warren Buffett invest $6B+ in centuries-old Japan...
by csomar on Thursday October 01, 2020 @04:59AM
(#24648898)
I'm specifically talking about government bonds, since these have 0 risks. If risk is correlated to yield, these should have no more than 0% interest rate.
The productive capacity this money enabled. Except instead of the gov doing it 1000 miles away, they had skin in the game, took risks and monitored the situation to ensure success.