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Repaying debt is the same as an increase in the store of savings. Your personal balance sheet moves in the same direction from a lower value to a higher one.
by neilwilson 7y ago
Repaying debt is the same as an increase in the store of savings.
Your personal balance sheet moves in the same direction from a lower value to a higher one.
- dageshi 7y agoNot in USD it doesn't. You got your loan in USD, spent it to buy whatever you needed, you have assets, not USD. You need USD to repay the loan, where do you get them from?