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Pieter:

What we need to do is to have a growing economy and deflation. It is a neat trick if you can pull it off.

We have way too much debt. “By the development of the computer it has rapidly grown and nowadays is 25 times as big, Yes, we only use 4% of the supply of money for all our transactions, the rest is sitting somewhere collecting interest and revenue very efficiently.” People confuse the unit of exchange of wealth for the real thing. $1 billion worth of cash has no intrinsic value. $1 billion worth of stuff has intrinsic value. The cost of making money by trading money is far lower than the cost of making money by making something of value, (As long as the debt bubble expands) when the debt bubble contracts then you lose money just as fast as you made it before.

What we need to do now is to make it cheaper to make money by making something of value than to make money by trading money. We need to tax the payment of interest on debt, personal, business and bank to bank debt.
interest and revenue very efficiently."