raghu wrote: raghu wrote:
> The way I look at it is: almost all of this money is in the form of > debt i.e. promise of future use-value. If we try to convert even a > small fraction of it into use-value today, you'll end up with > hyper-inflation. But why would people want to consume now, once and for all, their entire wealth? Underlying debt (or, if you prefer to see it from the creditor side, the accumulated savings of people) is the stock of productive assets. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
