pull down to refresh

21 sats \ 1 reply \ @CruncherDefi 23 Jul \ on: THE INTEREST AMOUNT IS NEVER CREATED econ
The amounts needed to pay the interest on loans is not “created,” and therefore does not exist! the total debt increasingly outstrips the amount of money available to pay the debt.
You don't need to create extra money for interest. Debtor can pay back using base-money gathered from other market participants.
I think assumption is that whoever takes debt have some asymmetric advantage that will allow them to extract money for interest from base money supply held by other market participants via products/services.
write
preview
0 sats \ 0 replies \ @supratic OP 23 Jul
sound's like you can help me clarify this #619225 ... maybe?
reply