If all money is created through lending, and all loans have interest, then there will always be more debt than there is money.
How can we be expected to pay more money than exists to afford the principle plus interest?
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sogdianrock · 61-69, M
hi Invisible
Interest is not money. Interest is future money. Inflation, depreciation and growth of the money supply accounts perfectly for this situation.
best wishes
:)
Interest is not money. Interest is future money. Inflation, depreciation and growth of the money supply accounts perfectly for this situation.
best wishes
:)