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It is even worse, imagine if everyone were to follow it: there would be no money today.
by gaika 18y ago
It is even worse, imagine if everyone were to follow it: there would be no money today.
- nostrademons 18y agoThere could be money; there was before fractional reserve banking was invented. It's just that the economy would work significantly less efficiently, we'd get widescale deflation every time people wanted to save, and we likely wouldn't see the large investment projects that have resulted in our 21st century lifestyle.