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by mempko
3073 days ago
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In fiat money systems, banks create new money when they make a loan. If you take a loan from a non bank entity, they clearly can't make new fiat money, so money supply stays fixed. My question is, should these loans be interest free? Because if they are not, there is an obvious systemic issue of economic musical chairs... Or is the idea these contracts live within the broader fiat systems? I suppose you can use a crypto currency with a growing money supply. |
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