stackyFACTSWhenever a new ruler took charge, they frequently wiped the slate clean and cancelled all outstanding personal debts. It turns out the easiest way to make citizens like your new regime is to abruptly forgive everything they owe.
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While savers violently weep as their purchasing power evaporates, heavily indebted individuals quietly cheer from the sidelines. Inflation allows you to…
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When an institution mathematically overextends itself and realizes the vault is completely dry, they have a secret panic button. The discount window is a…
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Unlike a standard loan that eventually dies after a set schedule, some debt vehicles are designed to keep you on the hook forever. Revolving credit allows you…
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Lending capital for a decade is inherently more terrifying than lending it for a single month, and the math usually reflects that fear. A normal yield curve…
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When you ignore a creditor long enough, they will eventually petition the legal system to simply stop asking you nicely for the funds. Wage garnishment…
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They call it the eighth wonder of the world when it applies to your savings, but it is an absolute nightmare when applied to your liabilities. Compound…
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