> That's because debt IS money. Literally. OK. > If you create debt, you have created wealth. No, you have created money. Money is not the same as wealth.

> That's because debt IS money. Literally. OK. > If you create debt, you have created wealth. No, you have created money. Money is not the same as wealth. If you create money without creating wealth, then it's inflationary. Just a minor nit. The rest of your post I agree with.