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Politics : The Trump Presidency
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To: TimF who wrote (69487)5/2/2018 4:43:15 PM
From: neolib  Read Replies (2) of 354531
 
Try this instead:

I have $5 in my right pocket. I need to purchase $5 of food today. I borrow $5 from X and agree to pay $6 back to X tomorrow. I leave the $5 in my pocket. Tomorrow, by some means (got some work for example), I pay X back $6, leaving the $5 in my right pocket.

vs

I have $5 in my right pocket. I need to purchase $5 of food today. I use the $5 from my right pocket. Tomorrow, by some means (same as above) I pay my right pocket back $6.

Now tell me again why the $1 extra in my right pocket is not real interest, i.e. how it is different than the $1 I paid X in the first example? I'm VERY interesting in how you will explain this one.


If I take $5 out of my right pocket, and put it in my left pocket. Later I return it and shove in another dollar saying "here's your interest". I didn't actually have a real return, I just shuffled money around.
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