alt Hacker NewsIt's a fun thought, but you know what we call those people? Poor. The people who light their own money on fire today are ceding power. The two are the same.
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catlifeonmars • yesterday at 6:31 PM
1. Some people can afford to light a lot of their money on fire and still remain rich.
2. The trick is to burn other people’s money. Which is a lot more akin to what is going on here. Then, at least in the US, if you’re too big to fail, the fed will just give you more cash effectively diminishing everyone else’s buying power.
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At the end the day a medieval lord was poor but he lived a better life than the peasants.