SI
SI
discoversearch

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 -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (72711)12/23/2007 5:32:36 PM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
loans are not money.
Period.
Shostak and Austrians agree with me.

Loans "act" like money as long as the assets on which those loans were made rise. The whole freaking thing collapses when assets fall.

Mish



To: Tommaso who wrote (72711)12/23/2007 7:32:48 PM
From: roguedolphin  Read Replies (1) | Respond to of 116555
 
"Money As Debt"
video.google.com
(starts rather mundanely but packs some real wallops toward the end!!)