What about the 'myths of free lunches'? If the money supply grows via borrowing (the US method of fiat, debt money,) interest is paid in addition to principal by the amorphous future. If money was created out of nothing by acts of government other than borrowing (what banks do, but they always charge interest)...then downward pressure on the currency would be the risk.
A few smart folks like James Robertson (who wrote _The Future of Work_!) have thoroughly researched the creation of money without debt issuance. Of course the Fed & European banking establishment (primary dealers in selling sovereign debt) will do all possible to NOT lose their franchise which is a nearly risk free gravy train. See: http://jamesrobertson.com/ We met around a dozen years ago and have conversed regularly ever since. Steve _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
