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Look at the economies with no to shallow banking systems. High and predatory interest rates, less money available for loans is least of their problems. No bank
by negamax 11y ago
Look at the economies with no to shallow banking systems. High and predatory interest rates, less money available for loans is least of their problems.
No banking, no economy. Bitcoin solves the problem about inflation, access to money etc. But s booming economy also needs some sort of lending
- ionised 11y agoUnfortunately a 'booming' economy built on banking and finacial services doesn't seem to benefit everyone equally.