That second conclusion really doesn't follow - asset inflation is but one abuse or side effect of loans. Debts save larger expenses and consequences of not havi

That second conclusion really doesn't follow - asset inflation is but one abuse or side effect of loans. Debts save larger expenses and consequences of not having the capital available. Even if less was available for buyers doesn't mean prices would drop - mass production depends upon large upfront prices for much lower per unit production costs - and even things which aren't scaleable like houses depend upon manufacturered commodities.