US monetary system: Robber Baron-era design makes US debt peons forever. You knew that, right?
November 13, 2009 @ 4:46 pm
As I’ve previously written, the interest payment on the national debt is now ~$450 billion every year, there is no plan to ever repay the debt (we only pay the interest), and our monetary system only and always creates money as debt: condemning us to perpetually increasing debt for ourselves and our posterity.