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Replying to Avatar Guy Swann

If I eat 100 meals on a credit card, it explicitly means that i recognize i haven't created 100 meals of value, and intend to work to produce the value of those 100 meals later, and pay a fee (the interest rate) for eating my meals before i produced for them.

Net destruction/consumption, BEFORE actually producing its equivalent.

ie. a net loss, that is only promised to be returned in the future.

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JesterHodl 6mo ago

Clear, thank you! Very useful

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