Principle Stash

Meme

A grimacing wojak face at the centre of a four-step loop drawn with black arrows: everything is too expensive, take out a loan, more money is in circulation and the purchasing power of your savings goes down, prices go up, and back to the beginning.

The Borrowing Cycle

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Economic Bubbles 🫱🏼‍🫲🏾 Fractional Reserve Banking.

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Appears in On the Separation of Money and State

Transcript

A closed loop around a grimacing face.

😔 Everything is too expensive → 🤑 Take out a loan → 🙄 More money is in circulation and the purchasing power of your savings goes down → 😱 Prices go up → and back to the top.