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by ncivkcndixbdbx
822 days ago
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> if we had 50% deflation, your paycheck--the dollar amount you brought home--would be cut in half. However, your car payment, your mortgage, and your credit card bills would stay at the same nominal value. Society doesn’t need to operate with so much debt. Usury is a financial tool that benefits the rich. |
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But that doesn't mean that debt is intrinsically bad, or must always benefit the rich at the expense of the poor. Like any other tool, it depends on how you use it.