4 ms·
It's ironic that you described how the 2008 financial crisis came to be to illustrate how “normal” this circularity is.
by laserlight 1y ago
It's ironic that you described how the 2008 financial crisis came to be to illustrate how “normal” this circularity is.
- nl 1y agoLoans have happened long before 2008 and have continued ever since. This process is described in the Bible for example!
- surgical_fire 1y agoI sort of would read bible passages describing modern financial instruments. Perhaps it has some psalms discussing merits of MMT, or parables on Quantitative Easing.
- jrflowers 1y agoWhat does the Bible say about collecting interest on loans (the necessary part for making mortgage backed securities)