Money As Debt
July 16th, 2008
“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist”
If you want to understand how the global economy got into the mess that it is in, you could do worse than spend 45 minutes of your life re-learning more about how money is created. At the very least, it will remind you of some of the fundamentals you may have learned in Economics classes of old. Be warned, you’ll probably get a distinctly queasy feeling @ about 22 minutes in.
(see Money As Debt site for references)
New word of the day for me: Usury
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