Martenson & Molyneux on Money and The State (video series)
- Chris Martenson video series: http://www.chrismartenson.com/crashcourse
There is that little problem of how interest bearing hypothecated debt as the basis for a money system grows the total debt in an exponential manner.
The only day anyone ever produced anything is today - this day. A money system is about the allocation and ownership of the production of each day's effort.
A money system is to the physical economy as a topographical map is to the physical geography. If you threw a topo map in a burning fireplace, would you look out the window and expect to see the dirt, roads, and swamps start burning?
How foolish is it that with work that needs doing and people willing and available to perform that work that nothing gets done for lack of pieces of paper?
It's not your debt: http://www.youtube.com/watch?v=WK6SS4ETHWQ
Perhaps it should result in the death of the state:
Stefan Molyneux (watch #3 first)