Credit has never been a bad thing when used responsibly. Credit and lending rates, under a hard money system like gold and silver, were decided by the lending market.
If people never borrowed, lenders can drop rates to encourage borrowing. If people borrowed too much, and lenders couldn't keep enough operating capital on hand, they raised rates to slow down the demand.
A balance of free market economics.
The problem started with debasing the money, then eventually led to printing currency, and has now arrived at creating numbers on a screen.
Delta Charlie
npub1aq…vmhkh
2024-01-25 12:44:39
in reply to nevent1q…cxc9
Author Public Key
npub1aqxs793kps5eanmvnse97at6nc975pg6e0c6tjzxq700x0jzdl7qvvmhkhPublished at
2024-01-25 12:44:39Event JSON
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"content": "Credit has never been a bad thing when used responsibly. Credit and lending rates, under a hard money system like gold and silver, were decided by the lending market. \n\nIf people never borrowed, lenders can drop rates to encourage borrowing. If people borrowed too much, and lenders couldn't keep enough operating capital on hand, they raised rates to slow down the demand. \n\nA balance of free market economics. \n\nThe problem started with debasing the money, then eventually led to printing currency, and has now arrived at creating numbers on a screen. ",
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