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Footnote to prevent “Fatal Flaw in Logic of the Crash Course”

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  • Thu, Feb 19, 2009 - 12:28am

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    Peak Prosperity Admin

    Peak Prosperity Admin

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    Footnote to prevent “Fatal Flaw in Logic of the Crash Course”

Fujisan,

As for the actual wording of such a statement, whether as a footnote or spoken, it could go something like this and hopefully leave everyone happy:

"In theory, a market with perfect liquidity would not require debt to increase exponentially.  However, perfect liquidity is a theoretical concept, and is a condition which has never existed in all of recorded history nor is likely to ever exist."