Is The Current Monetary System Hindering Societal Development?

[Guest DissipatedYouthIsValuable]

Is mathematical consistency of a system, which only really works over time with an increasing population with increasing debt, worth keeping?

[Andy_K]

The system doesn't need increasing population, it just needs increasing debt. If that debt increased at the same rate as inflation, the system would work.

Trouble is, it's increased much faster than that.

[Injin]

Is mathematical consistency of a system, which only really works over time with an increasing population with increasing debt, worth keeping?

Is it ******.

[Harry Sacks]

Is mathematical consistency of a system, which only really works over time with an increasing population with increasing debt, worth keeping?

Makes me laugh when I hear politicians say "where will the money come from to do this/that/the other...", like it's some finite resource and not actually created in an instant. Apparently there is not enough money to feed starving millions in a world of food abundance yet there is plenty enough to treble house prices in ten years.

So my answer to your question is yes. The monetary system is the barrier to human progress.

[interestrateripoff]

Isn't this more a question about keeping the giant squid alive?