3 ms·

Yep, but the same applies to debt as well. A contractual IOU may say seem abstract but it can be almost as valuable as the money itself (sometimes more valuabl

Yep, but the same applies to debt as well. A contractual IOU may say seem abstract but it can be almost as valuable as the money itself (sometimes more valuable, with attached APR).

skybrian 8y ago
That doesn't seem like a closed system, though? The main limit on debt is the market's willingness to keep buying it. Figure out a way of increasing trust and it can go higher.
- bduerst 8y ago
  It's not, which is one of the great benefits of being able to harness debt financing.