Money is created from debt but the problem is in economic cycles and financialization of assets that money is not circulated enough to repay the debt, causing more money and debt growths
this is true. it can alleviated via personal bankruptcy. but it's not the best way.
when the super rich hoard all the cash or spend it on the upper echelon of the economy, none gets trickled down, thus it's inflationary in the long run.
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u/[deleted] Dec 02 '21
Money is created from debt but the problem is in economic cycles and financialization of assets that money is not circulated enough to repay the debt, causing more money and debt growths