Should the Economy “Serve” Money or Vice Versa?
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January 3, 2013 - 3:33am
A Treatise on Unsound Money: Part 5
Written by Derryl Hermanutz
The current structure of our money systems isn't written into the immutable laws of nature. It is a flawed, some say perverse system, thought up by men. If they were trying to design a money system that served the needs of the economy, they failed. The system seems more designed to make the real economy serve the needs of money and money creators. People need to be able to save their money without sabotaging the economy in the process. Debtors need to be able to have at least an arithmetic chance of earning their money back to repay their bank loans plus interest, which means that some party has to create additional money and spend it into the economy where debtors can earn it, equal to the amount of money savers removed from circulation plus the amount of bank interest charged.
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