PDA

View Full Version : Why is Understanding Debt Important in Liberty and Economics?



AlexMerced
05-15-2010, 08:10 AM
YouTube - Why is Understanding Debt Important in Liberty and Economics? (http://www.youtube.com/watch?v=pej3BCfeEZs)
catdd
05-15-2010, 10:25 AM
Can our debt only be liquidated by the fiat system?
AlexMerced
05-15-2010, 10:04 PM
in what sense, debt can be liquidated in any system, but at the end of the day it'll be at the expense of the creditors who will have to discount that debt to liquidate it.

The problem is we continue to dump resources into propping up creditors which means that these creditors end up dumping their debt still overvalued for someone else to suffer the losses of overvalued debt holding later...

it's stupid... price fixing doesn't work... it doesnt'