Yeah, the problem sounds like we should be not allowing recursion, or regulating how many levels of recursion of allows for a reasonable level of liquidity and velocity of cash in an economy. Allowing for it to infinitely nest guarantees a bubble is going to pop somewhere eventually.
Yeah, the problem sounds like we should be not allowing recursion, or regulating how many levels of recursion of allows for a reasonable level of liquidity and velocity of cash in an economy. Allowing for it to infinitely nest guarantees a bubble is going to pop somewhere eventually.