Token Sane Person on Nostr: npub1g0tuf…3tvm4 Houses aren't liquid assets, but if we put some of our savings ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) Houses aren't liquid assets, but if we put some of our savings into shares then we have exchanged our money for (a share of) property that isn't money. But we haven't lost that money, and we can easily get that money back by selling the shares. Shares aren't money, but they look a lot like money.
There is a parable about a rich man who visited an island and paid by writing cheques. The islanders never bothered to cash the cheques, but just treated them like bank notes.
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Published at
2023-09-13 19:50:37Event JSON
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"content": "nostr:npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 Houses aren't liquid assets, but if we put some of our savings into shares then we have exchanged our money for (a share of) property that isn't money. But we haven't lost that money, and we can easily get that money back by selling the shares. Shares aren't money, but they look a lot like money.\n\nThere is a parable about a rich man who visited an island and paid by writing cheques. The islanders never bothered to cash the cheques, but just treated them like bank notes.\n/2",
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