Lower interest rates make the debt service vs revenue calculation on many projects more favorable. What’s not seen is the effect on costs and future revenue when everyone undertakes similar projects at the same time. This, we boom and we bust. #amliberty #economics

Lower interest rates make the debt service vs revenue calculation on many projects more favorable. What’s not seen is the effect on costs and future revenue when everyone undertakes similar projects at the same time. This, we boom and we bust. #amliberty #economics

— Alex Merced (@alexmerced) February 14, 2019

from Twitter https://twitter.com/alexmerced

February 14, 2019 at 08:37AM
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