fractional reserve banking is actually good, and loaning money into existence is good too, and every time you do a friend a favor and say "pay me back later" you have created currency and that is excellent https://twitter.com/NinjaMa31969964/status/1188917420049735681 …
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8/ Why, exactly, is it bad that the currency "is debt"? I did some work up front - I fixed a tire. That is a productive good thing. It increased the amount of wealth in the universe. Now we're using that as a basis to move a piece of paper around, which creates liquidity.
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9/ what fractional reserve banking does is set LIMITS on how much of this natural behavior we can do.
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10/ a man of intellect and sophistication --> https://twitter.com/stephengracin/status/1188920316099284992 …
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