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by kasdi
1282 days ago
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It might be helpful to expand the example to make it even clearer. Until you repay the debt to your friend, you can spend the 10,000, because you hold it in your pocket. But your friend can also spend the debt you own him, for example, by asking another person to get a loan on that loan. So yeah, "free money"! Until one creditor somewhere in that long chain asks the debitor to pay up their debt... |
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