krisadams on Nostr: Just watched the Saif/Saylor discussion after hearing opinions on it. Wow, I thought ...
Just watched the Saif/Saylor discussion after hearing opinions on it.
Wow, I thought Michael would understand that without a lender of last resort, you cannot run fractional reserve. Sure, people will try, but take it from a bank credit risk analyst that they will lose!
Saylor stated “If the capital doesn’t generate a return, it’s a non-performing asset.” I disagree. In time even Saylor will be reprogrammed into realising that capital doesn’t need a return when the capital is finite. The return is deflation, without the capital failing.
I have huge admiration for saylor, but I think he’s wrong on this one.
Wow, I thought Michael would understand that without a lender of last resort, you cannot run fractional reserve. Sure, people will try, but take it from a bank credit risk analyst that they will lose!
Saylor stated “If the capital doesn’t generate a return, it’s a non-performing asset.” I disagree. In time even Saylor will be reprogrammed into realising that capital doesn’t need a return when the capital is finite. The return is deflation, without the capital failing.
I have huge admiration for saylor, but I think he’s wrong on this one.