Quote:
Originally Posted by IllTestYourGirls
Running business on credit is useless! Why do you think we are in this mess? You claim its because people cant get loans and greed. Thats right they cant because if they could it would cause massive hyper inflation. The amount of loans we need to "keep business running" will cause hyperinflation. Why? Because too many business are running on credit and the fed created to much money.
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Short term credit is a tool used. They aren't running it on credit. A personal agency has to pay its people every friday but bills net 30. They get short term credit for that.A music store most of the instruments on the walls are on a credit floor plan, again short term credit. People dont buys car for cash they need loans to do that. No loans no cars bought.