Principles of Liquidity | The Twilight of Gold Series | Episode 8 (WiM166)
The "What is Money?" Show
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The Credit Structure Is Not Necessary for an Economy
The point of the keans e whole agenda was to, would he squeak like the low interest trade agenda. He had this idea that once interest rates were driven low enough, permanently enough, the rentier class would just disappear because they were no longer needed. And what he didn't take into account is that the renteer class is actually just middle class people on pensions who own government debt. They're the usurious lenders. I think he had in his mind are smarter than that, and they sidestepped all this, and they're gone. But i do think you will still need a credit system because people will still need to borrow capital they don't have. To get it
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