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"It just sounds like a big scam. Why do private bankers get to create money and decide who gets it? It feels like there has to be a better way." It's a time-sh
by rsync 4y ago
"It just sounds like a big scam. Why do private bankers get to create money and decide who gets it? It feels like there has to be a better way."
It's a time-shift. That's all.
You can absolutely run an economy - and a culture - without leverage and even without debt.
In such an environment it will take multiple lifetimes to accumulate a single lifetimes worth of provision and security ... and we all decided we wanted to provide and secure within our own lifetimes.
... and then we decided we wanted that before we had grandchildren, and then before we even had children.
We're time-shifting and this instability (and, in many ways, incomprehensibility) is the price we pay for it.
- deleted 4y ago[deleted]