GDP is a bad metric. That said, credit is based on future likely returns. The economy ...

2024-09-02 16:24:41 UTC

GDP is a bad metric. That said, credit is based on future likely returns. The economy is trying to increase the rate of capital reproduction, not increase debt. Debt / credit is just a financial mechanism for planning into the future.

When private equity liquidates a business and sells off the scrap, it's selling it off to more profitable (PRESUMABLY more productive — not overall but for owners) enterprises.

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2024-09-02 16:24:41 UTC

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Cykonot on Nostr: GDP is a bad metric. That said, credit is based on future likely returns. The economy ...