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What an overly simplistic view. Credit, as an investment by the lender, can of course stimulate new production if invested in the right place. But the banking industry generates predatory debt, invested in the worst possible places. Forcing the people to invest trillions of dollars to preserve this broken industry is a stupid move with a predictable outcome, and Ann Pettifor ought to know that.
juujuuuujj 4 months ago