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Good morning #AdamSmith fans! Today we're talkin' stock lent at interest. It's always considered a form of capital. (I.iv.1) #WealthOfTweets #SmithTweets
Stock lent at interest can be used for consumption or the borrower may use it as capital. If it's used as capital, the borrower can use the profits on their stock to repay the loan and pay back interest—this, says Smith, is more common. (II.iv.1–2) #WealthOfTweets #SmithTweets
Unless the borrower is a country gentleman. No one expects much of those guys. #Ouch (II.iv.3)
dailymotion.com/video/x2hwqln
#WealthOfTweets #SmithTweets
dailymotion.com/video/x2hwqln
#WealthOfTweets #SmithTweets
