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>You can't pay your groceries by taking a loan from yourself, pay using credit card and then repay the the cc (with interest) over the next few months / years.
by tsjq 5y ago
>You can't pay your groceries by taking a loan from yourself,
pay using credit card and then repay the the cc (with interest) over the next few months / years.
- rat9988 5y agoThis isn't a loan from yourself though.
- ozim 5y agoIf we would get into details and that all that money is virtual I think at some level it really is just a loan from your future self. That would be also applicable to all loans. So yeah country would loan from future generations and they will have to pay it back.
- randomopining 5y agoSome credit cards have 0% apr for 12 months though
- tsjq 5y agoyes. that is like QE at microeconomics level. nudges people to take on more debt .
- randomopining 5y agoWhat I don't understand about those, is like... you can basically just make the "minimum payment" for 12 months straight? So if you spend 15k in that timeframe, you basically free up 15k in capital that can be invested? It's like a 0% loan.