In The Three Stooges scene often referenced as a comical take on debt and banking, Moe, Larry, and Curly each owe each other the exact same amount of money β creating a loop of debt.
Moe owes Larry $10, Larry owes Curly $10, and Curly owes Moe $10. As they argue over who owes what, they realize no one actually has any money.
Itβs a hilarious example of circular debt β a concept that exists in real economics too. In some cases, entire financial systems or companies owe each other money in loops, and unless someone breaks the cycle with real funds, nothing gets settled.
#threestooges #debtloop #endthefed #bitcoin
#moneyexplained
#classiccomedy #circulardebt
I'm sure this is true. When can we stop researching and talking? I'm sick to death of the hot air. Let's finally do some real climate change and stop with the political hot air and fix this already.
In The Three Stooges scene often referenced as a comical take on debt and banking, Moe, Larry, and Curly each owe each other the exact same amount of money β creating a loop of debt.
Moe owes Larry $10, Larry owes Curly $10, and Curly owes Moe $10. As they argue over who owes what, they realize no one actually has any money.
Itβs a hilarious example of circular debt β a concept that exists in real economics too. In some cases, entire financial systems or companies owe each other money in loops, and unless someone breaks the cycle with real funds, nothing gets settled.
#threestooges #debtloop #endthefed #bitcoin
#moneyexplained
#classiccomedy #circulardebt
In The Three Stooges scene often referenced as a comical take on debt and banking, Moe, Larry, and Curly each owe each other the exact same amount of money β creating a loop of debt.
Moe owes Larry $10, Larry owes Curly $10, and Curly owes Moe $10. As they argue over who owes what, they realize no one actually has any money.
Itβs a hilarious example of circular debt β a concept that exists in real economics too. In some cases, entire financial systems or companies owe each other money in loops, and unless someone breaks the cycle with real funds, nothing gets settled.
#threestooges #debtloop #endthefed #bitcoin
#moneyexplained
#classiccomedy #circulardebt
NEW: πΊπΈ Senator Cynthia Lummis explains why she is a major Bitcoin supporter
"When somebody else custodies your money, you have an IOU, but not immediate access to your own money."
h/t @EleanorTerrett