Re:It's Time to Build Institutions
by ktpsns on Sunday April 10, 2022 @04:42AM
(#30975380)
Devils advocate: if "Making institutions" means "making foundations", this also means a rather inefficient way of using money. Foundations are conceptually built with a capital stock which must never decrease, so they are typically allowed to only operate with the capital gains/interest rates. In effect, this allows them to move much slowlier, because they are way less solvent then they could be, if their capital stock was available to do business.
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