Doesn't this make the creation of money, to some extent, a Ponzi scheme - which crashes down when too many bad loans are made (such as for the creation of the dot.coms)?[EMAIL PROTECTED] wrote:
The concept is meaningful only as a rate--the rate of flow of loans in the aggregate as compared to the
Space does not permit me to address those elements which would lead to less government. You can find these as www.christianleft.net.
If everything I advocate comes to pass a one-world non-government would result (no military, regional currency governance with a single currency - albiet with some
Money isn't primarily medium of exchange because in
the modern system it mostly redeems production into
final consumption or in the direction of final
consumption.
Nor is it store of value but may be used to
purchase stores of value in the form of durable goods
or securities that contract for
