Buy now, pay later = own nothing, be happy
Sad to see so many fall into this debt trap.
I keep hearing "but there's zero interest!"
Yeah until you miss a payment. Klarna isn't worth $15 billion from giving away free money smh.
Payday loans dressed up to look more legitimate is all it is.
Yes!!! It's so sad.
Most people also miss the part that it's not just the money printer that creates inflation. Everytime we borrow money from a bank, that bank is creating new money. They can 25x anything they actually have, which means if everyone stopped taking it loans, and paid back all the loans they currently have, prices would drop 25x.
Not all at once and for all items, but over all, total spending would be cut.
The government isn't the only problem, private people who borrow are also part of the problem.
This is why we bitcoin and pay everything in cash.
