Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

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The entire showerthought must be in the title
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- 3.1) NEW RULE as of 5 Nov 2024, trying it out
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Capitalism is nothing but a giant pyramid scheme. (infosec.pub)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

No, fractional reserve banking demands endless growth because debts can't be paid off with interest since the extra money to pay the interest didn't initially exist. Therefore, banks have to lend out more money they don't have so the prior debts can be paid off but in the process they create more debt. But those following loans come with more interest which leads to the insatiable need for more growth in the economy by loaning more money.