Debating money with Joel Dietz THESIS 1: Money is created as - TopicsExpress

Debating money with Joel Dietz THESIS 1: Money is created as debt. Innovations like fractional reserve banking usually have certain benefits and deficits with respect to previously existing systems. It’sclear that this particular innovation increases the overall endebtedness of society, but they also increase the overall liquidity of society, by making more money available. It’s possible that you could create a society without debt that provides the same benefit, but if so you need to outline when and how that would be the case. It’s not useful to just point out a problem with a particular innovation without pointing out the problem that the innovation was introduced to solve or to see what other potential solutions there are to the same problem. blog.p2pfoundation.net/whats-not-wrong-with-the-current-monetary-system/2014/06/01

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