posted on Jun, 1 2009 @ 09:52 AM
Very cool, am reading it now. Thanks for posting.
I love theories that takeat super-long-term looks at what most people think of in more recent terms. 5,000 years is a pretty wide lens to view
anything. I also like the fact that he looks at "debt" in and of itself rather than debt merely as a function of money. Debt is more than just a
negative lack. It is a force in its own right. Good to see people starting to think along these lines.
I am not an economist but I have always had a gut distrust of debt and just kind of instinctively "knew" it was bad. People laughed at me in the
bubble years because I lived shabbily and concentrated on saving raw cash in a good old fashioned savings account (I've never owned a stock in my
life) and buying precious metals. They ain't laughing anymore.