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You're arguing from today's legal framework. I'm not interested in today's legal framework. My point is debt doesn't need to exist and we could operate more eff
by willmadden 3y ago
You're arguing from today's legal framework. I'm not interested in today's legal framework. My point is debt doesn't need to exist and we could operate more efficiently using a currency with a pre-defined supply with efficient equity markets.
- quickthrowman 3y agoPlease read the book ‘Debt: The First 5,000 Years’ and then re-examine your ideas about not needing debt. I think you’ll find that we do in fact need debt to function as a society. A currency with a pre-defined supply is a non-starter, there are multiple academic papers you can find that will tell you exactly why.