Most credit is used to finance escalating land prices, that is, the private capitalisation of the public’s rent revenue – so that’s our greatest worry.

Then comes debt money – literally created by a banker pressing the ‘enter’ key.

Even if government-issued money were to replace the banking dystopia, the deadweight pathologies of taxation and land price would still generate recessions.

But debt-free money, welded onto a Georgist economics, would present a formidable bastion against debt and wage slavery, finally freeing the 99% from the rent-seekers.

History tells us the revolutions happening, and needing to happen, around the world are all doomed to fail without such an economic system underpinning them.

So, just for a break from my straight Georgism, watch Jem Bendell expose how the banking system has run amok.

Leave a Reply

Your email address will not be published.