[BLOG] "Money as Debt"
In response to the forum discussion on the debt topic:
(edit: oops, I didn't realise that I had linked to a place to buy the DVD. Sorry. Here's a place to watch it)
:
http://video.google.com/videoplay?docid=-9050474362583451279
This 40 min. flash video doesn't really tell anything new, but it does a really good job of explain how it's possible that there is more money in the system than there is value. He goes into an historical perspective, and explains it in a way that is very easy to understand.
Personally, while I knew on an intellectual level about artificial money, and 'money as debt' before I watched the video, I had never truly connected the dots until I heard this historical, and clear explanation. I recommend that everyone watch this, even if you feel like you already have a good grasp of the concept.
(edit: oops, I didn't realise that I had linked to a place to buy the DVD. Sorry. Here's a place to watch it)
:
http://video.google.com/videoplay?docid=-9050474362583451279
This 40 min. flash video doesn't really tell anything new, but it does a really good job of explain how it's possible that there is more money in the system than there is value. He goes into an historical perspective, and explains it in a way that is very easy to understand.
Personally, while I knew on an intellectual level about artificial money, and 'money as debt' before I watched the video, I had never truly connected the dots until I heard this historical, and clear explanation. I recommend that everyone watch this, even if you feel like you already have a good grasp of the concept.
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