It turns capital expenditure into operational expenditure, which makes things much easier and cheaper.
But as Dani Rodrik, a Harvard professor, says, "these policy conclusions turn capital inflows into an imperative for even deeper reform".* "Capital Flow Bonanzas" by Carmen Reinhart and Vincent Reinhart.
Not only are new buyers taking out bigger mortgages, but existing owners have increased their mortgages to turn capital gains into cash which they can spend.
Though they are clear about which topics they will cover, the two are vague on how they might turn Capital into the kind of trade publication that offers news that others might purchase for costly sums.
Consumers have also been able to borrow more against the higher value of their homes, turning capital gains into cash which they can spend on a new car or a holiday.
"The income of the trust used to service the debt is, in effect, turned into capital and capital appreciation," says an attorney who specializes in trusts and estates.
Capital outflows have turned into capital inflows, due to both better growth prospects and higher interest rates than in advanced countries.
When capital gains turn into capital losses, government revenues dry up, as does spending by consumers, as does hiring by companies.
Their coerced labor was turned into capital.
Women also have fewer assets that can be turned into capital.
