Mish's Global Economic Trend Analysis Message Board

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

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To: Claude Cormier who wrote (100793)	8/13/2009 11:38:56 AM
From: Elroy Jetson	1 Recommendation Read Replies (1) of 116555

You're nuts. . When you lent out the $10,000 you created $10,000 of monetary inflation because both the borrower and yourself now had $10,000. When the borrower died leaving you with $4,000 in debt never to be repaid, $4,000 of this increased money supply has vanished. Your insistence that the money will never be destroyed until the loan is officially repaid in full is loopy beyond words. When you break a plate and buy a new replacement I suppose you claim you now have two perfectly good plates. No doubt you also still have all of the money you previously lost in bad investments, making your investment return the best in the world. I wouldn't believe a thing you have to say because you can't think clearly. .

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