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re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)

Posted on 6/6/17 at 7:42 am to
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/6/17 at 7:42 am to
I watched it the first time. It was pretty funny in an economics nerd kind of way.
Posted by zatetic
Member since Nov 2015
5677 posts
Posted on 6/6/17 at 7:57 am to
I thought people must have thought it had something to do with my negative money printing thoughts. I'm jaded that we haven't had a real crash yet for 2008. Maybe too much zerohedge in my life... It is admirable to start an educational book club though, so kudos to you

I've started believing long term stock holding is almost entirely making money via inflation or money printing:

What is the con? The con is that economic growth is both good and real. It is most often neither. The long con is nominal returns versus real returns.
What keeps the con going? Apart from greed? Money printing.
Please, understand that if the amount of money in a closed system doubles, the value of each monetary unit halves, and the price of everything, including stocks, increases 100%.
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