The monetary system we use is based on debt. It is inherently unstable. While it remains in operation, it works to concentrate more and more wealth into the hands of fewer and fewer individuals. It must finally collapse with catastrophic consequences for trade and industry, destroying savings and financial capital in the process. Society depends upon commerce, and commerce needs a stable currency.
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The monetary system we use is based on debt. It is inherently unstable. While it remains in operation, it works to concentrate more and more wealth into the hands of fewer and fewer individuals. It must finally collapse with catastrophic consequences for trade and industry, destroying savings and financial capital in the process. Society depends upon commerce, and commerce needs a stable currency.
Read Less
