Talk:What's Wrong with the Current Monetary System

From P2P Foundation
Jump to navigation Jump to search

In this list, a hint of the remedy follows the headings from the Article page:

Money is debt? Yes. But, it does not have to be if it is not borrowed into existence.

The money supply is under private control but it does not have to be.

Bank deposits are not secure.

The money supply is pro-cyclical.

The money supply fosters inflation.

Interest on money is a subsidy to the banking sector.

Interest on money forces economic growth.

Interest fosters wealth concentration.

The monetary system is unstable.

The monetary system counteracts crucial moral values. But it can be redesigned so that it does not contradict moral values. BUT it has to be global, if not the lower prices of unethical pricing products will prevail in the market.