143. Macro Myths with Coinbits' Rowais Hanna
The Bitcoin Standard Podcast
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The Difference Between Saving and Investment
A house that you live in does not pay you a dividend. It doesn't pay you. You have to pay on it. Your laptop can last you 10 years. Still, it's a consumer good. It's not an investment is something that yields a return. And savings is money. Money is cash. Cash is a saving. This is basic economics. Basic accounting accountants understand this. Pierre Rochard,. he can very simply explain this to you and to anybody. And he gets it as an accountant. The astonishing thing that they do when they teach you this in macroeconomic textbooks is that they've redefined housing as being a saving instead of an investment. In my next
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