If a poor country in Africa becomes rich, wouldn’t they need to get money elsewhere? Thus making the other place more poor?
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Basically interest is the price of money and banks loan out money to ppl for houses cars etc and they make more money back by charging interest. Then you have the federal reserve which can just print money by using a system that is tied to interest rates and inflation. This part is actually very complex the fed can basically print money but it kinda can’t.
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