When you borrow money and spend it, you are using credit. But the person that you pay receives money, not credit. (They don't have to pay interest on it; you do.) And after you spend it, you don't have that money anymore; you owe it. You have the debt.
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I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio... -
Mark Thoma links to the Kansas City Fed's Nominal Wage Rigidities and the Future Path of Wage Growth by José Mustre-del-Río and Emily ... -
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Bosch season five air date: 18 April. Ten episodes. Four days later, six of the transcripts were already available. A few days later, the ...
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