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205 | John Quiggin on Interest Rates and the Information Economy
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
I've Got a Dollar Now, I'll Give You Back a Five Dollar
i completely understand that gougle et cetera doesn't have the same investment in capital. The opportunity cost of time, at least foran has critic cards good. But if you go to the exal operations of the cat market, it's, i've got a dollar now. I'd like to consume something in a year's time. How much yo cannot find somebody who can take mydo turn it into a dollar, five, say, and give me back that dollar? Fi, fa, a, and that's investment. So historicallytwe've been short of capital ar lots of reasonably high, high returning investments. And as tat, the combination of the information
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