In essence, the bubble problem is tied to borrowing, that is, to put it [more or less] in the words of a character in the movie Popeye, "If you lend me money for a hamburger today, I’ll pay you back on Monday". Presumably, there would be an extra charge for taking the risk, called interest.… Continue reading Just Bubbling Along
Thoughts & Musings from James McNiven
Old Professor by the Sea 