If all money is created through lending, and all loans have interest, then there will always be more debt than there is money.
How can we be expected to pay more money than exists to afford the principle plus interest?
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Invisible · 26-30, M
@SW-User No, not quite capitalism. There is at least one alternative to the madness: spending money into existence rather than lending. This removes the issue of there always being too little money in the system to pay all of the debts. In this kind of system, the issuer of the currency would create money and exchange it for goods/services with the promise that the money paid would be usable in place of taxes.
SW-User
@Invisible Keynesian economics