this post was submitted on 18 Jul 2024
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[–] [email protected] 1 points 3 months ago* (last edited 3 months ago)

Debt causes inflation, low interest rates are how we got into this inflationary situation.

Debt is literally printing money but you owe someone. The government could print and destroy money as required without owing some random banker.

Since covid there has been zero fractional reserve required for lenders. Literally printing money would be better for everyone.