An alien from an all-cash planet would gaze in wonder at the trade credit system that runs the Earthly economy. Let’s review:
Jack Brown invests his life savings to open a surfboard manufacturing business, MI Board, Inc. It does well, attracting the interest of the media, surfers and retailers. A few small shops in California put his boards on consignment. They turn some heads, win some competitions, and MI lands $300,000 in initial orders from Becker, RonJon’s and HSN. Cool.
After celebrating, Jack reads the purchase orders from his new customers.