The highest value romantic liberal arts students seek is not monetary value. They don't care about money. They just want to feel alive and experience meaning. The previous role for this was religion. Now it's Marxism.https://twitter.com/EveKeneinan/status/1012389974883405824 …
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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