"but debt is not the precursor to money' There are people that would disagree. Actually already 100 years ago: http://www.ces.org.za/docs/The%20Credit%20Theoriy

"but debt is not the precursor to money' There are people that would disagree. Actually already 100 years ago: http://www.ces.org.za/docs/The%20Credit%20Theoriy%20of%20Money.htm http://www.ces.org.za/docs/The%20Credit%20Theoriy%20of%20Mon... "and certainly debt is not a requirement for a money-based system." This is kind of true. You could run a trade based economy on pre 1750 level with' lets say gold or silver or sea shells as "money". But you CANT RUN A INDUSTRIAL CAPITALISTIC society without debt. At least nobody has ever been able to show that this is possible. We need growth, we need more energy. I am afraid this will not end well. Read the links I posted in this thread.