They hand out all kinds of business tax breaks.

Don't talk like that. All right.

Illiquidity is a different situation.

like any corporation, and they have to, the liabilities, plus the equity has to match up to the assets.

No matter how bad it was economically, he always got himself paid.

Seung Jo!

The textile industry is incredibly mobile.

For example, government treasuries is a liquid security or a liquid asset,

Yes, put that aside.

I fear I am ill qualified to recommend myself to strangers.

Yes, she may have been abducted by the same people responsible for kidnapping Matobo and his wife.

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

In a world without leverage so if I didn't have all this

They would have made 250,000, right?

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

It should start to make a little bit of intuitive sense

In return on equity, the numerator is the net income that we got, so it's 350,000.

So, jobs, basic services, finally, clean government.

You came to take me on your road, Through rainsoaked lilacs, To your own possession, To the looking glass world.

Well all of our earnings, since our debt stayed the same.

liabilities plus equity.

And the more fake positive returns you get, the more people that want to put their money in.

Okay, take her down!

That means that's going to go to PostPage.

So this is just another visual representation that

less capital intensive that there's less money that's required

It doesn't sound like we borrowed money or anything.

That just comes out of the definition of what equity is.

And so liabilities plus equity is equal to assets.

And in between, there should be a public agency, the Independent Service Authority, which channels public money, and especially donor money, to the retail providers.

Japan imports most of the energy resources it needs.

And this is what happens in the stock market every day.

As we say in America, bottoms up.

And so you can see very simply that assets I'll write this down, you're getting a little bit of a introduction to accounting right here but assets are going to always be equal to liabilities plus equity.

Switch blocks so they match

...I'm printing the money so that I can buy particular assets,

But let's say its assets are worth 1 million.

I'm not going to lend you money.

And people, all of a sudden, just sitting on their house, ended up with a lot of equity.

She invited him in.

Capitalist country.

So he owns it outright so all of the 100,000 of asset value is actually his equity.

A bank in Paris held accounts of companies controlled by him, one of which was used to buy the art, and American banks, well, they funneled 73 million dollars into the States, some of which was used to buy that California mansion.