Comment: Lots of Great Readers on StSC

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Lots of Great Readers on StSC

This has stimulated a lot of new traffic on Saving to Suitors' Club:

What we are experiencing is the carefully regulated release valve system for a highly compressed information infrastructure called "money". I think that Ronald Ernest would be first to tell you all how absurd it is that anybody would consider buying debt, let alone government debt. Buying and selling government debt and calling it money is absurd!

The only thing that keeps us from realizing it is that we are conditioned to endorse private credit and create national debt.


David Merrill.