When Nietzsche said "God is dead," there were consequences. "What we’re seeking is an experience of being alive" - Joseph Campbell. Thus, students turn to their guru--their Marxist professor.https://twitter.com/EveKeneinan/status/1012387693114937344 …
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I don't understand your first point. How is money non-pecuniary?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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liquidity is a yield which is non-pecuniary, ie not a cash-flow. the idea basically is that for a monetary asset you forgo some return in exchange for liquidity
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Liquidity is an attribute of money, it's what makes it possible to be a medium of exchange. Still not getting your point here.
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Money has no return on investment, it's not an investment. It's pure optionality and medium of exchange.
End of conversation
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