Hello folks,

I wanted to know the historical affordability of homes. In our times, there is no way, we can afford homes, cars, holidays without taking a loan.

Also, all those loans are not backed by real savings, thanks to the fractional reserve system.

I was therefore wondering, if we were to have an economy based on credit that is backed by real savings, would we have the same economic growth we have now, and the standard of living we have now.