Not to disagree, but it’s not clear borrowing for consumption is imposing harm or risk as long as one is not creating either intergenerational transfer or economic, monetary, and institutional fragility as a consequence. The problem? Without a measure (limit), we always do so.
Source date (UTC): 2018-07-20 14:35:00 UTC
Original post: https://twitter.com/i/web/status/1020316145910517765
Reply addressees: @Race_Skin @DA_Stockman @SenMikeLee @TrueDilTom @realDonaldTrump @zerohedge @Styx666Official @JohnStossel @TruthGundlach @RubinReport @reason @mises
Replying to: https://twitter.com/i/web/status/1020307379680940032
IN REPLY TO:
@Race_Skin
@DA_Stockman @SenMikeLee @TrueDilTom @realDonaldTrump @zerohedge @Styx666Official @JohnStossel @curtdoolittle @TruthGundlach @RubinReport @reason @mises https://t.co/SI9vMiMraG
Original post: https://twitter.com/i/web/status/1020307379680940032
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