Thursday, September 30, 2010
The Yin-Yang Effect
When you go to the bank and borrow a dollar, a dollar of new money is created, and a counterbalancing dollar of new debt is created.
A dollar of money is a dollar with no strings attached. But a dollar of credit exists as a dollar of money along with a dollar of counterbalancing debt.
That is just a way of looking at things, a way that I find useful.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment