Principle of self liquidating debt

06-Mar-2015 18:54 by 6 Comments

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Suppose I have twelve loaves of bread, and you are hungry.

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In a world where the things we need and use go bad, sharing comes naturally.

The hoarder ends up sitting alone atop a pile of stale bread, rusty tools, and spoiled fruit, and no one wants to help him, for he has helped no one.

Money today, however, is not like bread, fruit, or indeed any natural object.

It is the lone exception to nature’s law of return, the law of life, death, and rebirth, which says that all things ultimately return to their source.

Money does not decay over time, but in its abstraction from physicality, it remains changeless or even grows with time, exponentially, thanks to the power of interest. As the word “mine” implies, we see our money almost as an extension of our selves, which is why we feel “ripped off” when it is taken from us.

Money, then, violates not only the natural law of return, but the spiritual law of impermanence.

Associating something that persists and grows over time with a self that ages, dies, and returns to the soil perpetuates an illusion.

Though we all know better, we imagine somehow that by adding wealth we add to ourselves and can gain the imperishability of money.

We store it up for old age, as if we could thereby forestall our own decay.

What would be the effect of money that, like all other things, decays and returns to its source?

We have attached an exponentially growing money to a self and world that are neither exponential nor even linear, but cyclic.

The result, as I have described, is competition, scarcity, and the concentration of wealth.