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0 pointsAnon10963y ago0 comments

You've basically written a lot of words here to say that Musk is making companies people want to invest in, and somehow that's the Fed's fault.

0 comments

camjohnson263y ago

You’re missing the key point then. People want to invest in NFTs too, and if you don’t see why that’s a problem you’re willfully blind.

avalys3y ago

Why is what other people do with their money a problem for you?

I think NFTs are stupid, but I don't think they're "a problem".

People spend lots of money on stuff I find stupid. I would never buy a Gucci handbag, they have about as much value as an NFT. But if someone else wants to, it doesn't hurt me, so, so what?

camjohnson263y ago

Because it added fragility to the economy, just like people over paying for mortgage backed securities in 2008. If it was a few foolish individuals that would be different, but reckless speculation has been actively encouraged by the Fed across the whole economy, NFTs are just one example.

cycomanic3y ago

So people also wanted to invest in Bernice Madoffs scheme, you didn't see a problem with that either?

j / k navigate · click thread line to collapse

0 comments

camjohnson263y ago

You’re missing the key point then. People want to invest in NFTs too, and if you don’t see why that’s a problem you’re willfully blind.

avalys3y ago

Why is what other people do with their money a problem for you?

I think NFTs are stupid, but I don't think they're "a problem".

People spend lots of money on stuff I find stupid. I would never buy a Gucci handbag, they have about as much value as an NFT. But if someone else wants to, it doesn't hurt me, so, so what?

camjohnson263y ago

cycomanic3y ago

So people also wanted to invest in Bernice Madoffs scheme, you didn't see a problem with that either?

j / k navigate · click thread line to collapse