Money -v- Credit: What's the difference?

[Bigjon]

http://www.ukcolumn.org/article/money-v-credit-whats-difference
by
MIKE ROBINSON
| Tuesday, 16th May 2017




https://www.youtube.com/watch?v=EYscR4Va4-A



http://www.youtube.com/watch?v=EYscR4Va4-A


What is economy, what is it for and what is the role of money? In this episode of Insight Vox, EIR's Mike Billington contrasts the features of a monetary system with those of a credit system.


This is the first in a series of interviews which we hope will encourage discussion of economy, national credit and put China's Belt and Road Initiative into context.

[ximmy]

You have to pay back anything you buy on credit with money... that's the difference.

[Joshua01]

This topic is missing the third, and most critical variable....debt! You can't talk about money and credit without talking about debt
http://www.ukcolumn.org/article/money-v-credit-whats-difference
by
MIKE ROBINSON
| Tuesday, 16th May 2017




https://www.youtube.com/watch?v=EYscR4Va4-A



http://www.youtube.com/watch?v=EYscR4Va4-A


What is economy, what is it for and what is the role of money? In this episode of Insight Vox, EIR's Mike Billington contrasts the features of a monetary system with those of a credit system.


This is the first in a series of interviews which we hope will encourage discussion of economy, national credit and put China's Belt and Road Initiative into context.

[Bigjon]

This topic is missing the third, and most critical variable....debt! You can't talk about money and credit without talking about debt

There is no debt if the government issues the money to pay for infrastructure that result in productive facilities.

Debt only arises when you borrow money.

The hypothecation of an asset results in credit granted in exchange for debt until the asset is paid for.