Debt gives birth to money
In Dr. Stelter's best-of-2023 podcast, a German economist posits that there can be no money without debt, because money is a "promise to pay".
Published at
2024-01-06 22:40:44Event JSON
{
"id": "04f6605ad55c17c1ac1795c4be9f498b9d075b66a3c36ef1d6372a7a3a79625a",
"pubkey": "026d8b7e7bcc2b417a84f10edb71b427fe76069905090b147b401a6cf60c3f27",
"created_at": 1704577244,
"kind": 1,
"tags": [
[
"a",
"34550:026d8b7e7bcc2b417a84f10edb71b427fe76069905090b147b401a6cf60c3f27:Economics"
],
[
"subject",
"Debt gives birth to money"
]
],
"content": "In Dr. Stelter's best-of-2023 podcast, a German economist posits that there can be no money without debt, because money is a \"promise to pay\".",
"sig": "8b2567767a5ff2501ecd50eb49c12cbb5835b6bc1bdb34c25a72dc12259156e38d60a75024420b8791c46a80dc81d3f50230cc5ee463f691073a5cd520e8d98b"
}
