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Who else is going to lend you money to buy a house or start a business? Who else will keep your money safe from fire and theft and pay you for the privilege?
by ProjectArcturis 4y ago
Who else is going to lend you money to buy a house or start a business? Who else will keep your money safe from fire and theft and pay you for the privilege?
- toomuchtodo 4y agoEdit: retracted!
- ProjectArcturis 4y agoThe original comment asked what the financial system provides society. I gave examples.
- drallison 4y agoWait. We are exploring boundaries and understanding and not necessarily maintaining the present system. Money? Lend? Ownership? Business? Protecting money? Payments? Privilege? Banking? These are all up for rethinking.
- EntrePrescott 4y agoFeel free to come up with a new system that works better. Good luck (so far, all alternatives have proved worse, and not just slightly worse but terribly worse)
- smcg 4y agoThe Fed. I guess you didn't read the article.