Money As Debt
Check out Paul Grignon’s 47-minute animated presentation of “Money as Debt.” (Via Metafilter)
It covers much of the same material as G. Edward Griffin’s The Creature from Jekyll Island which I have referenced in many past postings. But it’s a lot easier to understand and more entertaining than a 600 page book.
Griffin has different solutions in mind but defines the problem in much the same way as Grignon. Griffin advocates a return to the gold standard and Grignon proposes that only the government create money and that it be permanent and interest-free. That would give the government total control of the money supply which is inconsistent with a free economy.
Their central points are the same, however: without debt there is no money and fiat money enslaves the masses to a few.
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