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Excess Returns
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Why Do We Need More Money to Maximize to the Meme?
This is what allowed Amazon to exist. What does that allow? Tesla and Uber and all these other corporations to exist. For the most part, these corporations didn't make money for 20 years. And so we've seen that now for 40 years. That's been deflation. Now, that could go on forever because the Fed has a dual mandate. But ultimately this competitive world leads to inequality. Inequalities are not a natural construct. Go point to nature and tell me where equality exists.
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