And exploiting other countries to avoid it

Debt has helped put us much farther ahead than wee should be. Everyone has a car and a house

Debtis a goverment handled issue

It hurts the free market though.bad. but it helps the poor

And what most people have in money is not enough to pay for all the things they enjoy that they dont pay for

If you want less regulation, go ahead. But people will have to rely on themselves alot more

And i think 90% of the population cant handle that

Any debt that our government has accumulated will not be paid back in any capacity. Especially not with any sort of fiat currency that has ran it's value through the mud, such as the US dollar.

Yea its not gonna recover

Countries that tried 2 suffered. Lowflation is a bitch

Ut the free market got the boost it needed to fly via debt

All transactions are debt by default

I offer you a service, you pay me when the goods or service is done

Even without the federal reserve, debt would still be a thing

Hell, england is still paying off stuff from wars in the 1800s

And I'm also don't think that our society will be able to handle any sort of anarchy in it's current state...there needs to be a mass apifiny, or just....a lot of time to consider such an idea before putting any of these sorts of ideas into action. At this point, my whole purpose is to try to bring about new ideas that go along with less regulation.

And I completely concur with your idea on debt. But I'm sure that it would not be such an inflated debt that we see now. The world is in a financial bubble.

I agree that the world is a mess

The federal reserve is at fault

But the problem is that they got reckless with lending. So the answer is to remove regulations on lending so people can be reckless with lending?

China right now has a serious peer 2 peer lending problem. Making the federal reserve dissapear wont erase the ability to accumiliate debt

If people are reckless with lending, they won't get their money back and crash

But the currency won't be based on debt

Having a decentralized banking system with different mints and banks competing would yield better results

If central control is taken away, than central debt can no longer exist. And Pazuz actually beat me to the punch lol

Sound money is the way to go, either precious metal based or crypto based, or both

You take a fiat based money and you can take any sort of debt, and make it impossible to pay back any of that debt in any capacity.

Thats alot of regulation tho

To habdle many different currencies

I agree with what yall are saying

But its interfering with the free market regardless

Trump putting tariffs on china was regulation and overall good for the country

Thats goverment interference

If you don't have regulation you don't need to handle the different currencies

You said it yourself, we don't have a free market.

How is crypto doing?

So many different cryptos

returning to the mean

A true value

the competition between cryptos is a good thing

We need fake money like debt to keep going

t. John Maynard Keynes