Forum Post: The Core Trouble with Monetary Economics
Posted 13 years ago on Oct. 10, 2011, 12:04 a.m. EST by SustainableEquality
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from Sandy, UT
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It is important to understand that all monetary economic models require cyclical consumption to keep the destructive, murderous and unsustainable game alive. All money is created out of thin air, therefore it represents debt. "Backing" it with gold or silver doesn't make it sustainable either because gold and silver are, of course, scarce resources. There is only so much to go around. So the more that gold and silver-"backed" money is created, which a growing population would require in such a system, the more the purchasing power of each dollar decreases. This is because the quantity of money keeps going up while the quantity of what the money represents stays the same...because it's scarce. Scarcity-based economic models inevitably kill people because they restrict resources that people need to survive. This is structural murder. The money game is undeniably unsustainable...no matter how it is created or played.
Money intrinsically represents inequality. It enables people to "get ahead" of one another, therefore it is impossible to achieve true equality within ANY monetary economic system. The Resource-Based Economy, on the other hand, allows actual freedom because there are no monetary "costs" restricting you from dedicating yourself to what you feel is most important in your life.
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