this post was submitted on 06 Oct 2023
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[–] DogMuffins@discuss.tchncs.de 12 points 1 year ago (1 children)

To be fair, this isn't that far away from the economic theory underlying using interest rates to manage inflation - it's just phrased in a different way.

[–] SmoothIsFast@citizensgaming.com 5 points 1 year ago (1 children)

That's the problem with fractional reserve banking it's making up money for those who lend theirs. It's about extracting value from those who work for those who accumulate. It's not a tbf, it's a this is also an issue in every area of our society.

[–] SuckMyWang@lemmy.world 1 points 1 year ago* (last edited 1 year ago) (1 children)

Ok we can all clearly see there’s a problem, what action should we take to effectively solve it?

[–] bane_killgrind@lemmy.ml 4 points 1 year ago

There's the fight club method but good people generally avoid being terrorists...