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This seems good in theory but hard in reality. The modern economy is built on debt being used for new investments. The problem is high interest rates, not inter
by boeingUH60 3y ago
This seems good in theory but hard in reality. The modern economy is built on debt being used for new investments. The problem is high interest rates, not interest rates in general.
- pixelatedindex 3y agoDebt is being used for new investment? That can’t be right - it’s gotta be some form of credit, right? Maybe I’m mistaken.
- boeingUH60 3y agoOf course, it’s credit. The word “new” is redundant.
- uoaei 3y agoSomething never asked is whether what the modern economy is built on makes sense for longer than a couple hundred years. It seems premature to assume that the modern economy is sustainable ad infinitum.