4 ms·
It's really about demographics. When people borrow money is created. When they stop borrowing money is destroyed as it's paid back, which leads to a deflationar
by branchless 11y ago
It's really about demographics. When people borrow money is created. When they stop borrowing money is destroyed as it's paid back, which leads to a deflationary collapse and other debts go bad.
We should have state issued money that tracks wealth created instead of debt that tracks boomer sentiment.