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Maybe debt is older than money, but by law, debt is not money, money is not debt. A deferred payment is not payment, a promise to perform is not performance.
show me the law that define debt or money.
You may say ... money, but by legislators, debt is...
... but, isn't money just a piece of paper referring to a tacit contract agreement saying I OWE YOU some credit?
isn't debt an agreement I OWE YOU some MONEY?
I was not referring to legal tender but money in general. When you pay someone with a "legal tender", are you giving them credit or debt?
And if you pay someone with gold, are you giving them credit or debt?
if you pay someone with gold, are you giving them credit or debt?
neither, you give them money.
with legal tender is accounting magic/fraud, money for nothing, as Dire Straits say. credits and debits
What a question! I'm now a huge fan of yours.
What a question! I'm now a huge fan of yours.
isn't money the most ancient and spread form of debt? #614866