The decision by MicroStrategy, a firm listed on the Nasdaq, shows that they wanted to hold cash instead of investment assets. All they needed was a better form of cash.
When losses can’t wipe out the PSU, only detailed rules for managers can limit the government’s budgetary exposure to it.
“It has no utility. Anyone watching from Mars would be scratching their head”, said the bail-out baby in 98.
Opponents of laissez faire have spooked public opinion with a combination of bad history and worse theory.
Those holding fiat currencies suffer losses as far as their purchasing power is concerned, while people who hold assets that gain in price are on the receiving end.
The theme of the video was ‘The Recipe to Restore Growth and Prosperity’ in the context of the Covid crisis.