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The holders of debt obligations are not necessarily the same as the debt interest. I can loan you $100, at 200% interest. We will expand the economy. Good for
by s1artibartfast 2y ago
The holders of debt obligations are not necessarily the same as the debt interest.
I can loan you $100, at 200% interest. We will expand the economy. Good for me and bad for you. If that is a net benefit at the end of the day remains to be seen.
- inglor_cz 2y ago"net benefit at the end of the day" Also, there is always day D+1, when benefits may turn into losses. But perhaps, on that day, the person who made the debt is going to be dead.
- s1artibartfast 2y agoIt all comes down to the cost of borrowing and the ROI. This is true for societies as well as individuals.