Cost of capital will be much “higher” - which is a good thing.
Only productive projects are undertaken when capital is expensive.
Only necessary consumption is undertaken when capital is expensive.
When capital is cheap, frivolous activity (both investment and consumption) is encouraged.
Earnest Holden
npub1p4…aqye9
2024-03-07 10:28:52
in reply to nevent1q…0dhz
Author Public Key
npub1p4ynv22z9hvf8teze4xxz9agudy8g54c6278xl9w539jzsve3mgsdaqye9Published at
2024-03-07 10:28:52Event JSON
{
"id": "00718c18f842996a9ef9eb19da4c2c2d8e519f6681a0976e2e68abc0ef34b3ca",
"pubkey": "0d493629422dd893af22cd4c6117a8e3487452b8d2bc737caea44b2141998ed1",
"created_at": 1709807332,
"kind": 1,
"tags": [
[
"e",
"760bf309ea619528061d5d7e63749aeb5839cc7ad6ad709cddf29a528ca8d850"
],
[
"p",
"5a9c48c8f4782351135dd89c5d8930feb59cb70652ffd37d9167bf922f2d1069"
]
],
"content": "Cost of capital will be much “higher” - which is a good thing. \n\nOnly productive projects are undertaken when capital is expensive. \n\nOnly necessary consumption is undertaken when capital is expensive. \n\nWhen capital is cheap, frivolous activity (both investment and consumption) is encouraged.",
"sig": "aecee1a9a331d5ce1f8f09bb706ac4cb566a5e591d2c2548ebe8ba51f97c6647a34c75f57108750a3d6285da64c8a2242beb35e90799fb552a88324daa55e8d2"
}