mtempm comments on “Why Deutsche Bundesbank had to promise to leave 1200 tons of gold in New York”

mtempm comments on “Why Deutsche Bundesbank had to promise to leave 1200 tons of gold in New York”

Infrastructure is both less durable as well as less liquid. It also returns diminishingly as you engage projects on your opportunity cost frontier. Also likely to be less secure to military or political threats.


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mtempm

Source:
https://news.ycombinator.com/item?id=14231317