#81 Ryan and Terry React Jeff Booths AI Thesis
Money Minded
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The Effect of Debt on the Price of Assets
If we're comparing apples to apples, I'd say, yep, but I don't think we're all wealthier. That's as a general population. And then if you contrast the people that have used debt but not burnt themselves versus the people that didn't in a like for like basis, people that did and they used it responsibly, but we're relatively aggressive with it. We have a lot more purchasing power now than the ones that didn't. It's why property is such an attractive investment, particularly in Australia, because your ability to use debt comfortably is a whole lot greater. The banks willingness to lend you money, your must to borrow money, secure it against it is so
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