Replying to Avatar BTCrevolutionary

Banks create money with loans. Wouldn’t mass bankruptcies would kill the money supply and curb inflation without the federal reserve. Just a thought
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Nunya Bidness 2y ago

Once the money is created by the debt instrument it is persistent and keeps on even if the originating instrument failed.

It's insidious.

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BTCrevolutionary 2y ago

Bankruptcy laws eliminate the debt completely except for student loans.

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Nunya Bidness 2y ago

I have always found this very odd.

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BTCrevolutionary 2y ago

Same here. It should all be wiped out

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Nunya Bidness 2y ago

Didn't realize I wasn't following you.

Rectified.

#Plebchain

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BTCrevolutionary 2y ago

Followed you as well 🤝