-
@ halalmoney
2025-02-19 11:50:05
“From the Austrian perspective, capital (and speculating on how to allocate it) provides as much value to society as innovation.
Speculating on the appreciation of assets involves risk. Before you put your capital on the line you have to do a lot of research, and others get a cheaper signal from you than their own research would cost them. You remove an efficiency from the market and that's where your profits come from.
It's an important part of the economy, because the economy needs price signals.”
https://stacker.news/items/890121/r/halalmoney?commentId=890402