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2026-10-04 21:04:02 UTC
in reply to

Weltzeitgeist on Nostr: monetary system has to change to his 'Schwundgeld' to fix this problem is false, ...

monetary system has to change to his 'Schwundgeld' to fix this problem is false, because his underlying understanding isn't correct.

Furthermore he's one of many people who don't understand interests. I blame Christianity and the law against 'interests' for this alone. Many economists wouldn't have make this mistake without the forbidden 'interest'.

First of all: Interest doesn't 'accumulate' to some big money hills where the rich live on.