@goskinsvt @mattyglesias Stocks are certainly not cash equivalent, they're risk taking. Commercial property generates income which is what makes it an investment. It's also not consumption because it's use is production. The output of the company renting is consumption (if an end-user product).
@goskinsvt@mattyglesias的股票当然不是现金等价物，它们是在冒险。商业地产产生的收入使其成为一种投资。它也不是消费，因为它的用途是生产。租赁公司的产出是消费（如果是最终用户产品）。