• sugar_in_your_tea@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    That’s just not true. Loans absolutely existed before fiat currency did, just look in the Bible for examples of people in debt thousands of years ago. There’s a reason Muslims and Jews don’t allow certain types of lending, they had issues with it historically.

    Access to easy money will always exist provided there’s a profit motive, and there has been for millennia. How that money is backed is completely irrelevant.