Recent content by peets

Thanks for the "Money as Dept" video: it was informative (except for those citations and those last few minutes which were too conspiracy-theoretic for my tastes). So according to yous things are how I thought they were. It can work. As long as the rate at which we produce riches keeps up...

K I'm asking two thing: 1. Do I have the right picture? 2. If so, why is this expected to work?

I'm 22 and I have a real job. My employer pays me; he gets his money from whoever pays him, and whoever pays him... ultimately the money comes from a bank, right? No one (except banks) can pop out money out of nowhere, right?

I'm a kid who hasn't yet participated much in the economy; there's a few things I need to understand first. From what I gather, all money in circulation is loaned out from banks at interest: the lender must give back all the money they borrowed + some extra amount. If the only way to get...