Re: Money as Debt

I find it particularly frustrating that people assume that this information is hidden because it is not spoon fed to them. The basics of the monetary system are explained in the second year of most business and economic college curriculums. People can even take the class as an elective or, God forbid, go to the library and read a book about it. The fact that a large portion of America remains willfully ignorant makes presentations like these appear to be informative rather than be recognized as propaganda. Arguements on the accessablibity of a college education will fall on deaf ears here since I owe my own education to tuition assistance available to any American willing to work for four years. The two solutions to asymptotic monetary growth proposed in the video suffer from a complete lack of forethought on implementation. First, the proposal to link monetary growth to labor assumes that everyone’s labor productivity is equal. I assume that anyone that believes this has never asked for a raise or more vacation because that would imply they believe that their labor is worth more that the guy who was just hired. It would also imply that the value of education is negative since college takes four years to complete during which time you cannot work a full time job and therefor can exchange lass labor hours for goods and services than the guy who flunked out of high school. Second, the proposal for a government that prints money and charges no taxes seems to place an abundance of confidence in the fidelity and skills of the lawyers who run government agencies not to mention the rather dubvious assumption that Congress will forever keep the budget balanced for fear of printing too much moneywhich causes inflation and results in ever increasing taxes on the purchasing power of the country. While we are living in this fantasy world, we can also assume that international trade will be balanced because all that stuff you bought for Christmas probably wasn’t made in the USA.  If you thought your Nikes were expensive now, just wait until they are made by uneducated Americans.