🤔

Raw JSON

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  "content": "🤔\n\n*Innovation begets more of it, and the soaring productivity is a magnet for the finance that authors economic growth. The Fed factors in none of this. \nIf anything, what’s happening presently is yet another reminder that the Fed isn’t terribly relevant. That’s because credit is produced. No one borrows money, or sells shares in their business for money, rather all attempts to attain money are about acquiring resources: market goods, services, and most crucial of all, labor. The Fed produces none of the three. \nAs for Nvidia, it exemplifies what credit is. What expands credit is productive economic activity, and nothing else. Conversely, a lack of productive economic activity is the only way to shrink credit access….\n\nCredit isn’t something the Fed can tighten (Friedman’s monetarists), or expand (Austrian School religionists who find hyperinflation wherever they look care of the Fed creating the impossibility that is “excess credit”), rather it’s an effect of production finding production. It’s a reminder that Nvidia is credit expansion personified, while the Fed is but a distraction for economists.*\n\nExcerpt From “Nvidia Is Credit Personified While The Fed Is A Pointless Distraction”\nForbes\nhttps://apple.news/AqyrM1qeWSxaAiirwPtroSQ\n",
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