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Money and BanksMoney and Banking
Under an inflationary monetary scheme, big financial-sector players who get the new money first benefit the most. Ordinary households down the line then bear the brunt of price inflation.
Booms and BustsMoney and Banking
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Money and BanksBusiness CyclesMoney and Banking
Some investors and entrepreneurs are good at guessing future trends. Economics, however, isn't what gives them the tools to do so.
Bureaucracy and RegulationMoney and Banking
Big banks like Deutsche Bank have the potential to take an entire economy hostage: When they get into trouble, they can drag everything down with them.
살아 있는 동안 이미 전설이 된 워렌 버펫과 찰스 멍거는 비생산적인 금보다 생산적인 주식에 투자하라고 강하게 주장한다. 그러나 금은 투자 수단이라기보다 화폐로 보아야 하며, 화폐로서 금보다 더 나은 형태의 화폐는 아직 나타나지 않았다.
This timeless insight was already suggested by economist Ludwig von Mises in 1940.