solarpunk memes

3012 readers

12 users here now

For when you need a laugh!

The definition of a "meme" here is intentionally pretty loose. Images, screenshots, and the like are welcome!

But, keep it lighthearted and/or within our server's ideals.

Posts and comments that are hateful, trolling, inciting, and/or overly negative will be removed at the moderators' discretion.

Please follow all slrpnk.net rules and community guidelines

Have fun!

founded 2 years ago

MODERATORS

ex_06

tsugu

Track_Shovel

575

In this house, we believe (slrpnk.net)

submitted 10 months ago by j_roby to c/memes

179 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] poVoq 5 points 10 months ago* (last edited 10 months ago)

Only if you treat debt as something absolute that has to be repaid no matter what.

In reality in many cases debt is written off as impossible to claw back and sold off to unscrupulous debt enforcement companies at a fraction of the nominal value. Who in turn also rarely manage to get the money.

We as society could simply decide to forget certain types of debt and basically that is what states do via inflation and which historically many societies have done via debt jubilees.

The book "Debt the first 5000 years" gives good overview on this matter and fiat currencies in general.