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    JC Brand (jcbrand@mastodon.xyz)'s status on Sunday, 19-Nov-2023 06:48:24 JSTJC BrandJC Brand
    in reply to
    • lainy

    @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.

    In conversationSunday, 19-Nov-2023 06:48:24 JST from mastodon.xyzpermalink
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GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.

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