Marshall

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Proletariat-workers earn their money by selling their time and capitalists-investors earn their money by “lending” others the use of their money in exchange for either a) a promise to repay an amount of money that is greater than the loan (which is a debt instrument), or b) a piece of ownership in the business (which we call “equity” or “stocks”) or a piece of another asset (e.g., real estate).
A Template for Understanding Big Debt Crises
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