2min snip

The Great Simplification with Nate Hagens cover image

Daniel Schmachtenberger: “Bend not Break #4: Modeling the Drivers of the Metacrisis”

The Great Simplification with Nate Hagens

NOTE

The Embedded Growth Obligation of the Financial System

Money equals access to goods and services, but with banking and interest, the financial system has its own physics. There is a compounding interest that leads to exponential growth and an embedded growth obligation. If there is not exponentially more currency and goods and services each year, the financial system will collapse.

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