David Brody
@dbrody.bsky.social
Privacy rights are civil rights.
Founder & former director of the Digital Justice Initiative at the Lawyers’ Committee for Civil Rights Under Law.
Founder & former director of the Digital Justice Initiative at the Lawyers’ Committee for Civil Rights Under Law.
Oh, also, corps/rich ppl gain part of their benefit via tax savings accrued along the way, and that isn’t relevant to most ppl who use standard deduction.
All of this assumes one has good enough credit to even start to play some of these games at all, or that transaction costs don’t swamp upside.
All of this assumes one has good enough credit to even start to play some of these games at all, or that transaction costs don’t swamp upside.
February 9, 2026 at 2:23 PM
Oh, also, corps/rich ppl gain part of their benefit via tax savings accrued along the way, and that isn’t relevant to most ppl who use standard deduction.
All of this assumes one has good enough credit to even start to play some of these games at all, or that transaction costs don’t swamp upside.
All of this assumes one has good enough credit to even start to play some of these games at all, or that transaction costs don’t swamp upside.
This means:
1) The spread btwn their borrowing costs and avg market return is big enough to be worth the risk.
2) They can afford to wait for and seize opportunities, like refinancing when rates low or buying when market dips.
3) They can self-insure against related risks.
Avg person can’t do this.
1) The spread btwn their borrowing costs and avg market return is big enough to be worth the risk.
2) They can afford to wait for and seize opportunities, like refinancing when rates low or buying when market dips.
3) They can self-insure against related risks.
Avg person can’t do this.
February 9, 2026 at 2:19 PM
This means:
1) The spread btwn their borrowing costs and avg market return is big enough to be worth the risk.
2) They can afford to wait for and seize opportunities, like refinancing when rates low or buying when market dips.
3) They can self-insure against related risks.
Avg person can’t do this.
1) The spread btwn their borrowing costs and avg market return is big enough to be worth the risk.
2) They can afford to wait for and seize opportunities, like refinancing when rates low or buying when market dips.
3) They can self-insure against related risks.
Avg person can’t do this.
For avg person I’m not sure much would change. Corps/institutions/rich ppl can play the debt game bc (1) their borrowing costs are low bc low risk of default, and (2) they have long time horizons bc lower immediate need for high liquidity (eg, they have reserves/collateral to tap in a pinch).
February 9, 2026 at 2:19 PM
For avg person I’m not sure much would change. Corps/institutions/rich ppl can play the debt game bc (1) their borrowing costs are low bc low risk of default, and (2) they have long time horizons bc lower immediate need for high liquidity (eg, they have reserves/collateral to tap in a pinch).