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Agreed. I guess you can argue that loans put money back into circulation, but the obvious corollary is that rich people hoarding money effectively destroys it.
by fwip 8y ago
Agreed. I guess you can argue that loans put money back into circulation, but the obvious corollary is that rich people hoarding money effectively destroys it.
- monkeynotes 8y agoLoans just put debt into the economy, while the rich monopolize the credit.