My bucket list beer ice shirt

That is the part of the lending process My bucket list beer ice shirt where some wealth production and maintenance does occur. I call this purchasing of a debt obligation, the purchasing of a “purely financial asset”. Other than those things interest and fees pay for, the transactions associated with purchasing a purely financial asset does not cause any change in the level of wealth.

Strictly speaking, in this model, the dispensing My bucket list beer ice shirt of the loan is gross spending by the lender, and it becomes gross income for the borrower, and spending by the borrower to buy back part of all of their loan obligation is gross income to the lender. So if lending causes no increase in net production of wealth. What purpose does it have?

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