Something I think on often: capital Is no longer scarce


I have thought about this piece on capital often since I read it: Continuations by Albert Wenger : Capital Is No Longer Scarce.

I realize it is relative and that there are people and organizations that have difficulty accessing capital. But I believe overall there is an abundance of capital. I believe that is why you see a lot of the behaviours you see in the world, from negative interest rates to bogus unicorns like We and Uber and Lyft to high housing valuations to no inflation.