REBEL YELL: “Don’t Owe, Won’t Pay”, Everything You’ve Been Told About Debt Is Wrong – By Charles Eisenstein (Archive)

RIELPOLITIK

Source – yesmagazine.org

“…Both of these entail a fundamental change in the way money is created. Positive money refers to money created directly without debt by the government, which can be given directly to debtors for debt repayment or used to purchase debts from creditors and then cancel them. Negative-interest currency (which I describe in depth in Sacred Economics) entails a liquidity fee on bank reserves, essentially taxing wealth at its source. It enables zero-interest lending, reduces wealth concentration, and allows a financial system to function in the absence of growth.

(“Don’t Owe, Won’t Pay”, Everything You’ve Been Told About Debt Is Wrong – By Charles Eisenstein)

– The legitimacy of a given social order rests on the legitimacy of its debts. Even in ancient times this was so. In traditional cultures, debt in a broad sense—gifts to be reciprocated, memories of help rendered, obligations not yet fulfilled—was a…

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