The most dangerous time since the Civil War

[Kinser79]

(01-16-2018, 04:47 PM)David Horn Wrote: The stock market has almost nothing to do with capital formation,

Mr. Horn do you not realize that you have essentially just proved to me that you are economically illiterate? Corporations sell stock for the express purpose of raising capital to use it for whatever they want to use that capital for. Why investors buy stock from this or that corporation is pretty much irrelevant.

While the vast majority of businesses in the US are not corporations listed on the NYSE, to say that the stock market is not a means for those corporations that are to raise capital. Indeed that is the raison d'etre of stock markets in general.

Further, considering that a large proportion of businesses in the US are not corporations at all, inflation limits the ability of those businesses to acquire capital. Why is that? Because there is great difficulty to to acquire capital faster than the corrosion of value of the currency through inflation