Wow. Spinning a "Tulip mania"-style market bubble into a magic new economic reality that makes debt unnecessary is really quite impressive. I get it - a curren

Wow. Spinning a "Tulip mania"-style market bubble into a magic new economic reality that makes debt unnecessary is really quite impressive. I get it - a currency that is explicitly separate from the traditional {government,bank} control would be a very nice thing. It's even true that debt has been badly abused as a tool to increase the wealth gap. These being true do not make /all/ uses of debt a bad thing, and it certainly doesn't protect a deflationary currency from its inevitable economic stagnation. In fact, the article's own argument admits this in inverse: to purposefully discourage taking on debt is the same thing as discouraging /investment/, as they are opposite sides of the same transaction. I'm sure this is just me "declaring war" on the idea, though... go right on believing that the passion for tulips will last forever, and that housing prices never go down.