Debt is how we get money. So without debt we wouldn't have a monetary *measure* of GDP. This doesn't mean we wouldn't have GDP just that we'd be unable to figure out what it was.
Debt also allows for the control of resources to change hands so that people who have productive uses for those resources can utilize them. It makes sense for people to give up resources in exchange for more resources later.
Daniel Lakeland
npub1fn…p87ll
2024-09-02 16:25:11 UTC
in reply to nevent1q…5640
Author Public Key
npub1fnejmanw24sxweer9t5ncla5v5ekdf6mvtwnjmkm7em6vxjnxf6swp87llPublished at
2024-09-02 16:25:11 UTCEvent JSON
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