> Prices are a function of supply and demand, not of access to capital. And easy access to debt massively shifts the equilibrium point on the supply/demand cur

> Prices are a function of supply and demand, not of access to capital. And easy access to debt massively shifts the equilibrium point on the supply/demand curves. Cars, houses, college, even cell phones or furniture can have far higher market prices when people switch from paying full-price in cash at time of purchase to making payments over months or years.