> It only matters when billionaires convert that paper into food, housing, jets, etc, for themselves does it actually affect anyone.
Fair point. One thing noting is that overall asset value isn't always directly converted to product/services but rather it's used as leverage. Sometimes this leverage is intangible ("don't f with me, I'm going to sue you"), other times it's very REAL tangible leverage - see Peter Thiel and Gawker.
Fair point. One thing noting is that overall asset value isn't always directly converted to product/services but rather it's used as leverage. Sometimes this leverage is intangible ("don't f with me, I'm going to sue you"), other times it's very REAL tangible leverage - see Peter Thiel and Gawker.