Martialis on Nostr: Fractional reserve banking and compound interest are the twin evils of our financial ...
Fractional reserve banking and compound interest are the twin evils of our financial system but, while you need to move away from sound money to enable such criminality, the problem is primarily one of human corruption rather than the money supply so weeding it out will sadly require something a good deal more ruthless than libertarianism.
Published at
2024-05-08 12:04:57Event JSON
{
"id": "b146184d782109a81fdb4b540fe371b2ca03f8b780b8fc048a66aa08cc72fa3d",
"pubkey": "0c405798e0e39caf54d2b211879ba1d6a965109b1389fa55da5bb20dd96ba5a0",
"created_at": 1715169897,
"kind": 1,
"tags": [
[
"p",
"a96a35a224402b8075c4da20f0477896afcc3395b6fad63e30a648a8222a6a69",
"wss://relay.damus.io/",
"Low Information Voter"
],
[
"e",
"bece1d6e6d30f506ce435f062b2a4bb21b862bfe6eb3e9dc2e8cee24278e918a",
"wss://relay.damus.io/",
"root"
],
[
"e",
"59112b2d74b5893d45403ad3eb44a15fb474911e841136f0362b73d2fb2f9253",
"wss://nostr.wine/",
"reply"
]
],
"content": "Fractional reserve banking and compound interest are the twin evils of our financial system but, while you need to move away from sound money to enable such criminality, the problem is primarily one of human corruption rather than the money supply so weeding it out will sadly require something a good deal more ruthless than libertarianism.",
"sig": "6cec634a7a02435a85f856a67eceb8848bfd2b47513addb11490479ab1861a6636ac4d94be07c59a7f2a8773da69a64302c8e0d35e733919eab2994ecf9ceeee"
}