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What is an absurdity that has been normalized by society?
(midwest.social)
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this post was submitted on 24 Aug 2023
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Asklemmy
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It mostly works by forcing companies to pay back their loans rather than keeping them indefinitely, which pulls excess money out of the economy instead of it circulating continuously. When interest rates were near zero and the reserve requirement was dropped for banks, a shitload of this lending was done multiple times, so they're hoping to effectively claw that back