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Debt: The First 5000 Years (Audiobook) David Graeber

Notus & Friends

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The Importance of Repaying Debts

According to standard economic theory, it isn't true. A lender is supposed to accept a certain degree of risk. Economically, that's not how loans are actually supposed to work. If a bank were guaranteed to get its money back, plus interest, the whole system wouldn't work.

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