Stepping back from the immediate situation a little, it should be equally obvious that the entire monetary system is faulty. To quote another economist (Kenneth Boulding): "Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist."
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death to usury
Date: 2008-09-25 06:56 am (UTC)it should be equally obvious that the entire monetary system is faulty.
To quote another economist (Kenneth Boulding):
"Anyone who believes exponential growth can go on forever in a finite world
is either a madman or an economist."