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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (69865)9/16/2006 1:32:16 PM
From: jackjc  Read Replies (1) of 110194
 
Not a cliche, a fact.

And I personally have benefited greatly by buying land and
other properties with borrowed fiat and reaping the benefits
of paying it off on the cheap.

Yes we are wealthier because of technology and capital invested
but we would have been better off still with stable money.

And spending borrowed money gives the illusion of prosperity
for a time.

We have yet to see the downside of that.
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