Leverage and gearing
Akimbo: A Podcast from Seth Godin
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How Leverage Has Affecting Our Culture
It's generally accepted that what happened was people were over leveraged. The bank takes a risk on laning you the money, perhaps guaranteed by your house and you go by a hundred dollar pin making machine which pays for itself in five days. We have machines that have improved productivity only because of this leveraged transaction. It makes sense. It benefits all parties. But what happens when we start speculating what actually caused the crash on wall street in 19 29?
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