Venkatesh Rao@vgr·Apr 6, 2016a) Big pile of capital looking for returns b) Big pile of debt unlikely to be repaid c) Nobody knows how to do -ve interest cleanly. a+b+c=?353
Joel@polyparadigm·Apr 6, 2016Replying to @vgr@vgr It's a huge book, but easy to read: I recommend @davidgraeber 's Debt1