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Yes, for many there are no advantages, but I think this goes too far. For example, playing people interest to keep a ledger seems kind of new?
by skybrian 4y ago
Yes, for many there are no advantages, but I think this goes too far.
For example, playing people interest to keep a ledger seems kind of new?
- rsaxvc 4y agoI'm not a finance person, but I think that was roughly how traditional banks paid themselves.
- imtringued 4y agoPaying people interest created out of thin air is kind of new. Usually there is a borrower on the other side.
- skybrian 4y agoYou might compare with a stock dividend or with paying employees with company stock. A company can create more stock and pay it out without using any cash. When converting to cash, it's still the case that for every seller there needs to be a buyer.