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By the way, if someone wants to explain the author's perspective on the current economy being fundamentally based on debt, I'd like to hear that. I don't really
by javert 14y ago
By the way, if someone wants to explain the author's perspective on the current economy being fundamentally based on debt, I'd like to hear that. I don't really understand his perspective.
- cgs1019 14y agoCheck out Khan's lectures on banking. they're very illuminating.
- morsch 14y agoI think the point is not that the economy is based on debt, but the monetary system, namely fractional reserve banking, is based on debt. Of course the monetary system is the basic infrastructure of our economy, so it's not exactly wrong to expand the argument. Money as Debt is an entertaining 45 minute video on the topic. It's considered to be somewhat partisan, though, and I'm not that it's entertaining for everybody. http://vimeo.com/2244372 http://vimeo.com/2244372 http://en.wikipedia.org/wiki/Money_as_Debt http://en.wikipedia.org/wiki/Money_as_Debt