• Debt is an agreement, not money • Money is a device with certain physical characteristics that is used to cancel debt, and other agreements, with finality • Some types of debt, such as bank deposits, are used as money, so they are a subcategory, and very weak form, of moneyhttps://twitter.com/paulkrugman/status/1180457374705999872 …
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Also observe the collectivist "we...ourselves" neglecting and defacing any mention of individuals, and especially neglecting and defacing the legal and moral distinctions between debtor and creditor.
For someone who depends so much on credit, he's preposterously glib about the moral and legal frameworks that make credit feasible.
