Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.
Michael Hudson
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This page presents the quote "Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.". Author of this quote is Michael Hudson. This quote is about faster, interest, pay, debt, economy,.