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Money as Debt

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Nov. 12th, 2007 | 01:36 pm
mood: complacentcomplacent

This seems to bring together a lot of things I knew individually to be true about money, but hadn't really considered all together:
http://video.google.com/videoplay?docid=-9050474362583451279

I'd be interested in hearing any comments. The simplest things seem to inspire controversy -- people get labeled as crackpots even when they're just referring people to primary sources, definitions, and written laws. There's too much la la la I can't hear you in the world.

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Comments {26}

JP Sugarbroad

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from: taral
date: Nov. 14th, 2007 01:36 am (UTC)
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Ah, that kind of created money. I don't see what's wrong with it. Banks are like any other business, but they increase the money supply instead of the velocity. Same macroeconomic effect.

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Triple Entendre

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from: triple_entendre
date: Nov. 29th, 2007 10:24 am (UTC)
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Alternatively, this suggests that whatever it is that's wrong with banks is also a problem with any other business, or that they have a different problem with a similar effect to it.

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