There is a reason why enforcing one´s (property) rights is often times met with numerous negative connotations and it´s not the lack of better ways to describing it.
Not to mention the propaganda trope of using "hoarding" to refer to the choice of a personal property owner to store said property under their own control, instead of leaving it to the tender mercies of a negative-interest rate bank account (also at risk of freeze/confiscation).https://twitter.com/kinolux/status/1024911598677381122 …
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Thieves and the envious (thief wannabes )indeed hate it when people protect their property.
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Hoarding evokes images of greed and miserly behavior, or of an anxious, paranoid and insecure person. “Hoarding” is also a documented mental disorder. Propaganda trope indeed. Toe the central bank line, or be branded a kook.
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Exactly. It is extremely vicious anti-owner, anti-property language to be using in this context.
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Anything that decreases reliance on the banking system/government must be discouraged and pilloried. Regardless if a very legitimate reason exists for the behavior- avoiding negative interest bonds and confiscation.
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People are holding $9 trillion worth of negative interest rate bonds. That's beyond terrifying.
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It's quite amazing that seemingly educated people can purposely confuse the term "hold" as in "to not throw away" and the term "hoard" as in "to accumulate".
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@WalterBlockSays penned a beautiful chapter defending the miser in his classic#DefendingTheUndefendable (1976)https://mises.org/library/defending-miser …Thanks. Twitter will use this to make your timeline better. UndoUndo
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You need to explain this to your boy, Prof Selgin, Nick! :)https://twitter.com/real_vijay/status/1021488004106530816?s=19 …
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Why not give the money wasting away in a low/negative interest instrument to others who need it more instead of trying to maximize personal gains?? Sounds like some capitalist hoarding bullshit but okay...
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One of the political ironies for me is that progressives, at the foot of Keynes, oppose vitally savings / deflation, but then critique unrestricted economic growth from an environmental perspective ... all the while not admitting that cheap credit means more crap and consumption!
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