a cautionary tale on deleveraging!, page-9

  1. 36,517 Posts.
    lightbulb Created with Sketch. 1

    "Hotel owner taking $100 = US Fed is printing money"

    "In both cases "value" has been created when it really isn't there."

    It is NOT the same.

    No value has been created as the owner has no LEGAL entitlement to that $100, thus there is no value. It is a fine legal point I am trying to make.

    It is a flawed example. If someone can fix that, then it will be a perfect story.





 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.