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Historically (since Sumer and Babylon) debt has been reset periodically because compound interest eventually breaks the economy. New kings would reset the debt because most of them were to the palace and it kept their army intact by not having small holders constantly getting dispossessed.
Our modern priests have convinced themselves that actually that’s bullshit and profits can go on forever exponentially, while the production curve is logistic.
Historically (since Sumer and Babylon) debt has been reset periodically because compound interest eventually breaks the economy. New kings would reset the debt because most of them were to the palace and it kept their army intact by not having small holders constantly getting dispossessed.
Our modern priests have convinced themselves that actually that’s bullshit and profits can go on forever exponentially, while the production curve is logistic.