The interest doesn’t need necessarily to be created ex-nihilo. You could work to produce equivalent value over 20 years. For example if you’re employed by the bank and they take their payments off your salary.
Banks bring future value into the present. Central banks on the other hand can conjure up money.
skretcode
npub1nr…8u9x7
2024-01-14 16:22:30
in reply to nevent1q…v58s
Author Public Key
npub1nrqkvefp5kcrygn7palqg4uymuc6zjkfwlsvxs7lw2wzdu5n3lmsd8u9x7Published at
2024-01-14 16:22:30Event JSON
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"content": "The interest doesn’t need necessarily to be created ex-nihilo. You could work to produce equivalent value over 20 years. For example if you’re employed by the bank and they take their payments off your salary. \nBanks bring future value into the present. Central banks on the other hand can conjure up money.",
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