Post #15465 by PhoolishPhilip on the US Policy board

Halls of Shrewd'm / US Policy

Unthreaded | Threaded | Whole Thread (90)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 11

“Money has no value until its purchasing potential is unlocked”.

Absurd. Money is both a store of value and a medium of exchange. If I am a billionaire and my underlying assets are appreciating at 15% per year, and I can get a loan on those assets at 5% a year, I could live like a king on nothing but debt. Zero income, zero taxes, and all the Net Jet miles borrowed money can buy.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (90)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.