Dana El-Kurd
👤 SpeakerAppearances Over Time
Podcast Appearances
Oh, to make money.
Yes, but it's actually more complicated than that.
OK, so on the one hand, these assets, you know, a mortgage does make more money than just putting your money in the bank.
That's like the basis of banking is that they can use your money that's sitting in the bank and getting interest and then they make more money by spending it elsewhere.
But so they're just doing this because they hate us, not just to make money.
No, there is an actual explanation.
There's a third reason.
So then why would you ever have your money in a bank or like buy something like, say, if like government bonds, you can sell really quickly, right?
Why would you ever want that?
And the reason why is something called liquidity.
You want to be able to spend the money.
Rather than wait 30 years for it to get paid back.
Liquidity is just how easy is it to turn whatever you own into cash, right?
So liquidity is literally, it's the burger test, right?