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Assuming that you can create value of 11 or more with that 100, someone can exchange 11 of their future / current / past effort (with money), (s)he pays you, yo
by harperlee 12y ago
Assuming that you can create value of 11 or more with that 100, someone can exchange 11 of their future / current / past effort (with money), (s)he pays you, you pay your debt, and you now have 1 or more to be at the other side of the transaction.
Unless you state that all value in the world is fixed, a zero sum game, that argument of the "Money as debt" documentary doesn't really hold water.
- twobits 12y agoValue is definitely and obviously not fixed. It increases with effort, creativity, work, inventions, etc. But you pay for value with money. And you don't control that, and someone else controls how much, or not at all, you have access to. ..ie, you get 100 to (try to) invent X. You deliver. You give a lot of value to the world. But the CBs decided to cut printing money, and tomorrow you have to pay back 110. Your work, gave (new) value. But that's irrelevant. You can't find the 10. You are bankrupt. The people on top, get your work (which is 100+50 in new value), for 20. You still owe. Have a good day.
- dismal2 12y agoMoney is absolutely debt, are you claiming that it isn't?