Replying to Avatar BankSith

Credit is the ability to be able to borrow. Debt is an exact amount that you borrow. In that regard translation is correct.
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𝕞ptf 8mo ago

But it means in this instance a credit balance on account (cash). If you hold assets during an inflation cycle, usually you fair much better than holding cash.

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BankSith 8mo ago

The point of the quote refers to holding debt in a failing currency instead of credits (Guthaben) in the same failing currency. Holding debt (loans etc) is advantageous then as you get rid of debt for free

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𝕞ptf 8mo ago

Yes agree.