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Exact(8)
It offers transactional banking, saving, borrowing, lending, investment, insurance, risk management, wealth management and advisory services.
Of course, the model does not exhibit complete Ricardian equivalence since taxes are distortionary, but this only means that the timing of taxes matters, not the timing of borrowing, lending, and transfers.
There is nothing inherently new about borrowing, lending and investing.Even so, in "Hamlet", Polonius advised his son "neither a borrower nor a lender be".
Polonius does go on about borrowing, lending and being true to thine own self.
But Margaret Atwood's elegant and erudite canter round the literary, cultural and historical aspects of borrowing, lending, owing and repaying has less to do with economics than with human nature.
Agents may make borrowing, lending and saving decisions under the misleading impression that the commitment is unconditional, only to find out that the central bank is forced to 'renege' at some point in the future.Third, does it make any sense to pre-commit to lower rates when 'low for long' is already priced into the financial markets?
Similar(49)
They can be bought, sold, borrowed, lent, swapped and hedged.
The production insists, subliminally but undeniably, that a happiness based on money borrowed, lent and spent is destined to be provisional.
The consequences of a United States default would be severe, not just for world markets but also for the ability of every American business and household to borrow, lend or make just about any financial decision.
It's also laying the groundwork for more potential acquisitions and strategic partnerships, or at least a seat at the table of startups that could be setting the pace for how people borrow, lend and spend money in the future.
All that borrowing lends "The Salton Sea" style to burn but little personality of its own.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com