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REPORT ABUSIVE REPLY
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Message Subject
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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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Poster Handle
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Anonymous Coward |
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Post Content
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Say you want to buy a house. Should only people that have enough cash be able to buy?
If you don’t like fiat or crypto, do you think everyone should have hundreds of thousands of dollars worth of PM in their homes? I go to buy a house and I need $500,000 worth of gold and I am just going to hand it all to the seller? Who is then going to just trust it’s all real gold?
If you don’t believe in lending and interest, are you a commie that wants other people’s money for nothing? Why should a random stranger give you their money to use for free?
Seems like there is a segment of people who are anti anything financial (because they are financially illiterate) yet don’t have any realistic solutions on how things would work otherwise.
Quoting: Anonymous Coward 42717143 Prof Auriti of Italy asked questions ~2002 about how value was inducted to money. But long previous early 1900s people in the Austrian school were addressing the matter of whether credit preceded money or followed. Find the Mises book - linked at the page I will link. But read Bastiat - ECONOMIC SOPHISMS And then ask how the national credit became collectivized and thereafter who is the proper creditor. Some answers relevant to your question are found here: Thread: Get rid of the money system, then get rid of goverrments (Page 99)
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