Comment by wmf
18 days ago
These questions can't really be answered now because things are moving too fast. That may explain why people are latching on to things they can prove like circular financing even if those arguments are pretty weak.
18 days ago
These questions can't really be answered now because things are moving too fast. That may explain why people are latching on to things they can prove like circular financing even if those arguments are pretty weak.
if the money moves in circles the consequences of new money stopping when predicted profitability falls become a lot more dramatic
all money moves in circles, it's just a question of number of stops.
think about stuff like pork barrel funding for aerospace, which props up jobs, which generates funding for political campaigns that perpetuate pork barrel funding.