Sunday, 11 June 2017

Debt-Based Money Corrodes Society

The Daily Reckoning



We open today’s reckoning with a hypothesis:



The current monetary system debauches the culture.



Long-suffering readers are familiar with our… diminished regard for paper money.



Paper money — or digital money nowadays — is the great bogeyman of the boom/bust cycle. It inflates bubbles of every model and make.



Meanwhile, paper money fuels big government… as oxygen fuels fire.



But paper money’s effects on the culture?



Cont....   

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