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Old 07-21-2012, 09:05 AM   #12
Morageort

Join Date
Oct 2005
Posts
454
Senior Member
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Good observations in the OP. I think you're definitely putting the puzzle pieces together, but it's not quite there yet in terms of the full explanation. I don't think the "ratio of value to debt" is quite the right concept or the exact effect. It's close, but it seems like there are some fundamental principle(s) that are missing. With money mechanics it's hard not to get distracted by all the details and really understand what's happening. I don't know if it really is that complicated, or if I (we?) just have some kind of blindspot.
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