937 sats \ 3 replies \ @oliverweiss 8 Feb \ on: Do you own your home? econ
No, I wouldn’t mind but I would need to take a mortgage which I am refusing to do at this point. You know, this is the way banks create new bad money in the system, and I am not going to support them :)
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0 sats \ 2 replies \ @jeff 9 Feb
What do you mean by "bad" money? Is it not fungible?
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1 sat \ 0 replies \ @02bcd3eeb0 9 Feb
Bank credit is only fungible in good times. When you get a Greece, Lebanon, Cypress, etc. suddenly the "money" in a bank account is not so fungible
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0 sats \ 0 replies \ @oliverweiss 9 Feb
All fiat money is bad :)
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