• sugar_in_your_tea@sh.itjust.works
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    8 months ago

    That’s just not true. Loans absolutely existed before fiat currency did, just look in the Bible for examples of people in debt thousands of years ago. There’s a reason Muslims and Jews don’t allow certain types of lending, they had issues with it historically.

    Access to easy money will always exist provided there’s a profit motive, and there has been for millennia. How that money is backed is completely irrelevant.