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All money is debt. Do you want an economy without money?
by bryanlarsen 8mo ago
All money is debt. Do you want an economy without money?
- greyface- 8mo ago> All money is debt. This is true for currently popular monies, but is not inherently true. Is a gold coin a debt instrument?
- Eddy_Viscosity2 8mo ago> Is a gold coin a debt instrument? It is if you lend or borrow it or use it as collateral.
- OutOfHere 8mo agoSo no, not all gold coins are debt.
- Eddy_Viscosity2 8mo agoOr yes, some gold coins are debt.
- M95D 8mo agoForbid the "yes", keep the "no".
- OutOfHere 8mo agoThat's nonsense; it is obsolete government propaganda. Just the type of money that you are shamelessly used to is debt based. Money rooted in precious metals, also some cryptocurrencies, is in no way debt based. And yes I can spend them.