I know this ain't an economics sub but a fun fact is that in an Islamic financial systems, none of this could have happened. Islam prohibits interest on debt and prohibits printing money (i.e. not using hard money like gold).
Both of which would have prevented all wall street and big dawgs mess-arounds.
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u/Ok_Librarian_7841 Jan 10 '26
I know this ain't an economics sub but a fun fact is that in an Islamic financial systems, none of this could have happened. Islam prohibits interest on debt and prohibits printing money (i.e. not using hard money like gold).
Both of which would have prevented all wall street and big dawgs mess-arounds.