Fantastic Firefly on Nostr: Typically when you borrow, you might borrow a million, and build a factory that ...

Typically when you borrow, you might borrow a million, and build a factory that creates two million in profit. In that way, the credit creates wealth. The Fed's credit does nothing but create asset bubbles, and enable reckless government spending, which creates almost no social benefit at all. Fuck that. I'd rather collapse the system than saddle onto my kids backs.