The Surplus's effect on money supply

Rob Schaap rws at comedu.canberra.edu.au
Wed Aug 29 22:30:22 PDT 2001


G'day Daniel,


>> [MBS] I do
>> like the idea of money arising as a way for
>> the State to help landowners squeeze peasants
>> by facilitating the creation of private debt.
>
> [DD] Which has everything to recommend it except the fact that it didn't?

Happy to go along with all you say, Daniel (I've found this to be a tenable strategy, by and large - rugby excepted, natch), but would love a little elaboration on this point.

Cheers, Rob.



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