Re: What is Creditary Economics?

[John Vertegaal <vertegaa@xxxxxxxxx>]

 Warren Mosler wrote:

> ok. But if I had saved my yen and rented in Japan
> rather than bot a house I'd be way better off today.
> The yen more than stored value for the (potential)
> home buyer.

Creditary Economics is about the macro condition.  Your example, though
true for the individual, is irrelevant; as it is powerless to consider
whether economic values were lost elsewhere, because of such 'saving'
activity.

Same goes for your advice to Paul D. to take some 'equity' out of his
home.  Equity is a significant term on the micro scale; but it is bogus
macroeconomically, as equity release only affects the value of the unit
of account.
But since you know that every $ in one's hand is a borrowed one and that
lenders set a time frame for repayment, you are already perfectly aware
that systemic advantages for the few, are offset by disadvantages for the
rest.

John V