> how does a world where debt monotonically increases indefinitely work? Assets also increase monotonically. One cannot talk about debt without talking about a

> how does a world where debt monotonically increases indefinitely work? Assets also increase monotonically. One cannot talk about debt without talking about assets. You should look at the whole balance sheet. > debt has just become a standin for currency debt IS money. If all the debt in the world is repaid there will be no money.