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Decreases in interest rates mean that more people borrow to buy assets.

Don't they also mean that more people -- the "middling sort" rather than the "masters of the universe" variety -- borrow to start/expand businesses?  (If so, which is there more of: borrowing to buy assets, or borrowing to invest in businesses?)

Truth unfolds in time through a communal process.

by marco on Wed Jan 17th, 2007 at 07:49:06 PM EST
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