Capital stacks, balance sheets, and allocation of capital are what drive economic systems.

Hoarded stacks of capital create piles of debt that eventually become worthless, clogging the pipes.

Until… a new capital stock is created and re-deployed, unclogging the plumbing and moving liquidity once again.

https://open.substack.com/pub/kanemcgukin/p/the-forgotten-foundation-why-capital