Debt Is Anti Competitive
13 August, 2011Today we will look at how debt based funding is anti-competitive. First of all we will discuss large disincentives to competition then small scale disincentives to competition. Following the credit crisis in 2008 it was recognized that competition had contracted in the finance sector. This has been seen as a source of potential future problems [...]
Debts and Prices in Debt-Free Money Economy
29 July, 2011When some people come to appraise fractional and full reserve banking they come to the conclusion that credit money is a necessary part of the economy. Since in a debt based monetary system businesses and individuals rely so much on credit to function credit money can be seen as a necessary part of the system, [...]