Debt should be allowed to resold. It should be up to those involved in the transaction to assess whether or not they want to do it. If it cant add much value, it might not be a good idea, but why should the option should be restricted outright?
Whilst perhaps I dont GET it, re greenspan & easy money. The premise, that monetary policy is the driver of the business cycle and asset prices, I get. What I'd like, is some empirical support and detail, rather than the simple, monocausal explanation that has popular appeal and is recruiting me to accept.
I am well aware I have a lot to learn, 'pablum feeder' type comments are unnecessary & pointless if directed at me. If you offer a source where an alternative to 'demand management thinking', could be learnt about, I genuinely would be interested. |
