watch this (~45 minutes long), if you haven't already, then read the following essay: Money as Debt [video=youtube;jqvKjsIxT_8]http://www.youtube.com/watch?v=jqvKjsIxT_8[/video] (theres more to the post... check the source link for the rest.) How do you feel now? reactions?
I think it's simplistic nonsense. No great institutions, corporations, infrastructure was ever built that way.
Very good post. I think this explains why a negative income tax is a far superior method of social safety net then the current welfare state.