A Boring Dystopia

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Borrowing money against their stuff to get more stuff to borrow money... (infosec.pub)

submitted 4 days ago by bytesonbike@discuss.online to c/aboringdystopia@lemmy.world

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[–] Tetragrade@leminal.space 3 points 4 days ago* (last edited 4 days ago)

Since the 1970s governments have been continually printing more money. This means that if you can get a low enough interest loan (i.e. by having a ton of money already so that you're low risk), the money you owe will devalue faster than interest accrues. You just keep doing that, and/or use it to invest.