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← Once invested wealth grows faster than one's spending, all further spending becomes effectively costless.
17 connected korrents · 12 moments on record from 5 Sept 2010 to 21 Aug 2026.
Everything filed under interest rates
interest rates
Everything filed under AI and jobs
AI and jobs
Everything filed under public debt
public debt Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Once invested wealth grows faster than one's spending, all further spending becomes effectively costless. Once invested wealth grows faster than one's spending, all further spending becomes effectively costless. Last stated 8 months ago
2 Feb 2026
JC
JL Collins — holds since 2026-02-02 — tap for who they are
Same subject: The share of income spent on things only a human can do will stay negligible, because new things to buy keep being invented faster than we satiate on the old ones. — tap to centre the map on it The share of income spent on things only a human can do will stay negligible, because new things to buy keep being invented faster than we satiate on the old ones. Last stated 4 months ago
4 Jun 2026
PT
Phil Trammell — holds since 2026-06-04 — tap for who they are
Same subject: An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination. — tap to centre the map on it An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination. Last stated 4 months ago
4 Jun 2026
AI
Alex Imas — holds since 2026-06-04 — tap for who they are
Same subject: When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost. — tap to centre the map on it When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost. Last stated 3 years ago
6 Nov 2023
OB
Olivier Blanchard — holds since 2019-02-11 — tap for who they are
OB
Olivier Blanchard — no longer holds since 2023-11-06 — tap for who they are
Same subject: If people become satiated with capital, the returns to accumulating it fall and the rich start consuming again instead of compounding. — tap to centre the map on it If people become satiated with capital, the returns to accumulating it fall and the rich start consuming again instead of compounding. Last stated 4 months ago
4 Jun 2026
AI
Alex Imas — holds since 2026-06-04 — tap for who they are
Same subject: Unspent money buys freedom and control over your own time, which is what makes saving worth more than whatever it could have bought. — tap to centre the map on it Unspent money buys freedom and control over your own time, which is what makes saving worth more than whatever it could have bought. Last stated 3 years ago
31 Jan 2024
MH
Morgan Housel — holds since 2024-01-31 — tap for who they are
Same subject: Wealth is what you have divided by what you want, so the reliable way to become wealthier is to want less. — tap to centre the map on it Wealth is what you have divided by what you want, so the reliable way to become wealthier is to want less. Last stated 2 years ago
27 Sept 2024
DS
Derek Sivers — holds since 2024-09-27 — tap for who they are
Same subject: Money spent in your twenties buys more experience than the same money spent in your sixties, because novelty wears off. — tap to centre the map on it Money spent in your twenties buys more experience than the same money spent in your sixties, because novelty wears off. Last stated 2 months ago
4 Aug 2026
NM
Nick Maggiulli — holds since 2026-08-04 — tap for who they are
Same subject: Hoarding money you will never spend is a worse mistake than overspending when young. — tap to centre the map on it Hoarding money you will never spend is a worse mistake than overspending when young. Last stated 2 months ago
4 Aug 2026
NM
Nick Maggiulli — holds since 2026-08-04 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. Last stated a month ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. — tap to centre the map on it A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. Last stated a month ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. — tap to centre the map on it A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. Last stated a year ago
16 Jul 2025
JD
Jamie Dimon — holds since 2025-07-16 — tap for who they are
Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. — tap to centre the map on it A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. — tap to centre the map on it Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. Last stated 16 years ago
6 Sept 2010
SS
Scott Sumner — holds since 2010-09-05 — tap for who they are
SS
Scott Sumner — no longer holds since 2010-09-06 — tap for who they are
Same subject: Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. — tap to centre the map on it Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. — tap to centre the map on it Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
At the centre
Once invested wealth grows faster than one's spending, all further spending becomes effectively costless.
Holds Read this korrent →
The share of income spent on things only a human can do will stay negligible, because new things to buy keep being invented faster than we satiate on the old ones.
Holds
An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination.
Holds
When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost.
No longer holds
If people become satiated with capital, the returns to accumulating it fall and the rich start consuming again instead of compounding.
Holds
Unspent money buys freedom and control over your own time, which is what makes saving worth more than whatever it could have bought.
Holds
Wealth is what you have divided by what you want, so the reliable way to become wealthier is to want less.
Holds
Money spent in your twenties buys more experience than the same money spent in your sixties, because novelty wears off.
Holds
Hoarding money you will never spend is a worse mistake than overspending when young.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Holds
A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
Holds
A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it.
Holds
A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output.
Holds
A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases.
Holds
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
No longer holds
Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government.
Holds
Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total.
Holds