Blue Collar Bitcoin on Nostr: For 30+ years low interest rates incentivized more & more debt — debt servicing ...
For 30+ years low interest rates incentivized more & more debt — debt servicing costs were almost an afterthought.
“More debt isn’t a problem” was a common mantra.
Oops…sh*t got really expensive really quick.
Published at
2023-11-17 15:12:11Event JSON
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"pubkey": "ec6e36d5c9eb874f1db4253ef02377f7cc70697cda40fbfb24ded6b5d14cce4c",
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"kind": 1,
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"content": "For 30+ years low interest rates incentivized more \u0026 more debt — debt servicing costs were almost an afterthought.\n\n“More debt isn’t a problem” was a common mantra.\n\nOops…sh*t got really expensive really quick. https://image.nostr.build/baa38d1089758c7e80bbd1435b7f35ade4ff8be5cbf8ebe3cb05c8a7726fc33b.jpg ",
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