Blurt!Commonplace Book

“Endless money-losing is a variant of counterfeiting, and counterfeiting has dangerous economic consequences. … Competitors have to copy their fraudulent competitors. It’s a variant of Gresham’s Law, which says that ‘bad money drives out good’.” (Matt Stoller, “WeWork and Counterfeit Capitalism”)

Sunday, February 23, 2020, 8:52:17pm PDT