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Both your comment and the parent comment are right. How so? Two things: * Poor means less access to more expensive debt. Rich means more access to cheaper deb
by markvdb 8y ago
Both your comment and the parent comment are right. How so?
Two things:
* Poor means less access to more expensive debt. Rich means more access to cheaper debt.
* Rich means one can use debt leverage to grow one's assets. How does that influence the value of necessities for the less rich...?