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.

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