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>wealth (money) In most existing monetary regimes, money is not wealth, but debt. >You need perpetual growth because all math models used in financial industr
by jsprogrammer 11y ago
>wealth (money)
In most existing monetary regimes, money is not wealth, but debt.
>You need perpetual growth because all math models used in financial industry are based on perpetual exponential growth - imagine insurance companies, profitability, attractiveness of financial services, hedging etc. is based on the assumption the amount of debt (money) increases in time.