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by belorn
4542 days ago
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The part about credit sounds a bit fishy. Ordinary people deposit money in the bank, and the bank goes then and invest it. If the investment is a success, the bank pockets the profit and repays the deposited money back when asked. If the investment fails, government steps in and repays the deposited money. How is that system connected with currency, and why should its existence be critical for society? |
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