450
How to fix the economy (lemmy.world)
submitted 3 days ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
129 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] Banana@sh.itjust.works 2 points 3 days ago* (last edited 3 days ago)

To be fair i was being hyperbolic. Money has the power we give it. And we gave it too much.

We print money through increasing interest rates, increasing divide between rich and poor requiring the working class to take out loan after loan after loan.

Some may say interest is the cost of borrowing money, but it is money value that comes out of nothing, it's made out of thin air and reduces the value of our dollar.

this post was submitted on 08 Feb 2025
450 points (100.0% liked)

Curated Tumblr

4272 readers
29 users here now

For preserving the least toxic and most culturally relevant Tumblr heritage posts.

The best transcribed post each week will be pinned and receive a random bitmap of a trophy superimposed with the author's username and a personalized message. Here are some OCR tools to assist you in your endeavors:

Don't be mean. I promise to do my best to judge that fairly.

founded 2 years ago
MODERATORS
Apytele@sh.itjust.works
ethaver@kbin.earth