Lau @Lau - 1y
Every cent in a credit system is a loan. That's why it is called credit. Credit and interest go together. Interest compounds. This is unsustainable because it requires money creation to pay the compound interest. To make the compound interest more affordable financial repression emerges. Financial repression isn't a solution to a problem, it emerges from a condition called unsustainable debt and it can only lead to yield curve control. Yield curve control is a policy to make believe a loan contract is more valuable than it actually is.
