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How to fix the economy (lemmy.world)

submitted 2 days ago by The_Picard_Maneuver to c/[email protected]

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[–] [email protected] 2 points 2 days ago* (last edited 2 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.