Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claude Cormier who wrote (98897)	6/24/2009 2:15:10 PM
From: Hawkmoon	Read Replies (1) of 116555

Credit destruction is not necessarily monetary destruction. All depends how the debt is destroyed. Guess I'll need to see some examples. As I recall my economics, when a loan is originated (especially when based upon fractional reserve), money is created. When that loan defaults, money is destroyed. Will be interested in seeing what you can provide as substantiation to your assertion. Hawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next