Friday, August 11, 2017

Credit issues

What Carney knows but doesn't say

excessive credit as per usual

Posted by stillthinking @ 02:11 AM (4372 views)
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One thought on “Credit issues

  • “Raising wages would make the cost of investing in work higher, forcing a reallocation of capital away from crappy businesses that only exist because wage levels are low” – and, in some cases, because the tax bill too is low. A “crappy” business like Amazon profits from both.

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