this post was submitted on 07 Jun 2024
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the debt (lemmy.world)
submitted 5 months ago by Varven@lemmy.world to c/memes@lemmy.ml
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[–] volodya_ilich@lemm.ee 7 points 5 months ago

Yeah. It's another form of creation of money. It's a useful tool for some things, like the central bank being able to control interest rates in the economy, as shown during the recent inflationary episode.