Friday, October 15, 2004

IOU USD 7.4 trillion

I don't really get this. Apparently one of the "features" of western capitalist societies is increasing economic "health". Yet it looks like the main thing that's probably underpinning the current US recovery is . So much debt, in fact, that it's reached its legal limit. How is a system economically healthy if it's in over-arching debt?

I admit that reading DAvid Boyle's book "Funny Money" has highlighted the question "Is money just a tangible form of people's belief?" If it is, then that kind of confirms my suspicion that money's just a new-age religion.

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