this post was submitted on 06 Dec 2024
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I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.

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[–] [email protected] 0 points 2 weeks ago (1 children)

Except it's new money that's made up, and in the case of student loans, most of that money isn't traded for goods and services, instead more than 3/4s of the money created goes back to the lender.

[–] [email protected] 2 points 2 weeks ago

Looks like we are not going to agree on this, which is okay—I enjoyed the discussion nonetheless. Have a nice day.