Swiss Economicblogs.org
As I have discussed previously, if you borrow cash then it’s not income. This is why no one in his right mind borrows to buy consumer goods. Those who try cannot sustain it for long.What if someone else borrows? Suppose someone else—let’s call her Jordyn—buys your house from you, at a higher price than you originally paid for it. You can spend some of the gain. Of course she is just paying you with her borrowed proceeds, but most people think this is totally different than if you borrow to...
Read More »The Fed and the Cotton Candy Market
