3 ms·

>Based on that looks like that inflation rocket is headed to the moon. ??? Surely you realize that unsecured revolving credit is going to have higher interest

by gruez 1y ago

>Based on that looks like that inflation rocket is headed to the moon. ??? Surely you realize that unsecured revolving credit is going to have higher interest rates than government debt?

c-linkage 1y ago
Credit spends exactly the same as cash. All outstanding credit card debt is essentially an increase in the money supply.
- gruez 1y ago
  >All outstanding credit card debt is essentially an increase in the money supply. And how big is credit card debt compared to M2 supply?