GhostOnTheHalfShell on Nostr: Growth is baked into the financial system. Consider bank money creation, the product ...
Growth is baked into the financial system.
Consider bank money creation, the product of a loan. This adds to a borrower’s bank account and creates the loan asset for the bank and liability for the borrower. It adds money to the economy but that creation is drawn down as the loan is paid off.
BUT
🧵
Published at
2024-06-27 19:37:44Event JSON
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