Our capital-based economy isn't working. David Graeber's Debt: The First 5,000 Years explains why, and points to what real wealth might look like.Read it at AlterNet
Re-Thinking Money: Is Real Wealth Currency? Debt? Or Community?
by Charles Eisenstein
"Few moneylenders enjoy positive portrayals in literature. Islam, Christianity, and Judaism have all gone so far as to prohibit lending money at interest."
ReplyDeleteKey thing here is "at interest". ie The natural rate of interest is zero.
" It is a magisterial and deeply scholarly history of how debt – and money – came to be what it is today, and how human relations evolved around it."
Which one is "it"? He's talking about 2 things but uses the singular "it".
I've seen this a lot where some conflate "debt" and "money" as if they are "inter-related".
Resp,