This is defeatist. You can pay off your student loans (I did) and your mortgage (I did). You don't need a smart phone or a phone plan (I have neither) or netflix (also don't have it). Don't accept "the world mandates that I do X" ; create your own path.https://twitter.com/AetiusRF/status/1121162094320259077 …
when the money gets paid back the inflation reverses bank loans are typically overnight, if at all the "inflation" doesn't exist even in regular fractional reserve banking (I deposit $100), there's no price inflation because when you borrow $70, you can buy goods but I can't
-
-
Except when the central bank comes in and pays off bad debts to avoid defaults and lowers interest artificially. Lend as much as you want (as long as you don't get too greedy and cause a total collapse) and someone else (literally everyone else) pays for any "mistakes" made.
-
you've moved the goal posts from "fractional reserve banking is bad" to "bailouts are bad" I agree with the latter
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.