Post
By Cory Doctorow (GPG 0xBF3D9110957E5F4C)
doctorow.pluralistic.net
did:web:pluralistic.net
The first phenomenon creates vast credit bubbles, the second one pops them.
This leaves would-be usurers on an endless quest for new ways to lend money at a premium to poor people while reducing their own risk.
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2026-07-25T11:07:15.768Z