Furthermore, if there is someone with money "just sitting in a bank" they \* the... | Hacker News

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		mcguire on Jan 5, 2018 \| parent \| context \| favorite \| on: The Rate of Return on Everything, 1870–2015 [pdf] Furthermore, if there is someone with money "just sitting in a bank" they * they are idiots, because that is a poor use of their resources, and * the bank is sending it out, so it is economically productive anyway.

tmnvix on Jan 5, 2018 | [–]

> the bank is sending it out, so it is economically productive anyway

Even if the bank is just 'sending it out' to someone that is using it for property speculation?

mcguire on Jan 5, 2018 | | [–]

'lending'

Sorry.

quickben on Jan 5, 2018 | [–]

Until a recession hits and they are on a shopping spree.

There is a reason why hedge funds are slowly gaining cash positions lately.

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