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The great crypto collapse

The David McWilliams Podcast

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The Rate of Interest Is the Most Influential Financial Innovation Ever Come Up With, Right?

The rate of interest is the single most influential and consequential financial innovation ever come up with. It's a combination of greed and need, right? If you think about it, so we know that the Sumerians were charging interest 5000 years ago. So cosically, you've got to change things.

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