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>Huh? Debt is so simple a four year old can understand it. You give me money now and I give you money later. Except that the four year old would be wrong when
by tsotha 15y ago
>Huh? Debt is so simple a four year old can understand it. You give me money now and I give you money later.
Except that the four year old would be wrong when it comes to fractional reserve banking. I'm trying to imagine how a four year old would understand "You give me a piece of paper promising to pay the money back, and as long as I haven't done it too much (based on the money I have), I create money out of thin air and balance it with your promise to repay."
- 1010011010 15y agoi think a 4 year old would understand that, and think it is a wonderful scam, if she could get away with it.
- tsotha 15y agoIf I had a four year old, I would totally want her to be like that.