Thursday, December 20, 2012

What If All the World’s Debt Just Went Away | Common Dreams

What If All the World’s Debt Just Went Away | Common Dreams:

"What you may not know is that debt arose recently on the human stage.  Throughout more than 99% of our history we have not even had a concept for debt.  (The interested reader can pick up David Graeber’s excellent book Debt: The First 5000 Years for full story.)"

Often wondered about this. Economics, to me, seems to be a belief system, a branch of religion. Money, surely, is a human invention, a creation. So let's change the rules and create something else.

You change a few premises of Euclidian geometry, get non-Euclidian geometry and all manner of new insights and revelations. Why can't Economics be radically reinvented in a similar mental construct?

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