3 ms·
We saw what happened in the 2008 crash. Selling debt for debt, facilitated only by lending money at non zero interest, caused a huge chain to come to existence.
by azth 5y ago
We saw what happened in the 2008 crash. Selling debt for debt, facilitated only by lending money at non zero interest, caused a huge chain to come to existence. Once the first domino tipped, everything came crashing down.