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   on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Sunday, 19-Nov-2023 04:57:01 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ
   One of the memes I wish would die is that a free market systems "requires" constant "growth".
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     JC Brand (jcbrand@mastodon.xyz)'s status on Sunday, 19-Nov-2023 06:48:24 JST JC Brand

     in reply to

     @lain The fiat, interest-based monetary system requires it. Since money is loaned into existence and interest payments are expected on those loans. That interest must ultimately also come from loans, which themselves charge interest. You constantly need new debt to to pay interest on the old debt.

     on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this.