In my campaign to save the world by spreading the word, I am quoting a passage from Life After The State (which I also quote in Bitcoin: the Future of Money?). It describes the way our modern system of money and banking (electronic, debt-based, fiat currency combined with fractional reserve lending) perniciously redistributes wealth from the many to the few:
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How money and banking cause the wealth gap
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In my campaign to save the world by spreading the word, I am quoting a passage from Life After The State (which I also quote in Bitcoin: the Future of Money?). It describes the way our modern system of money and banking (electronic, debt-based, fiat currency combined with fractional reserve lending) perniciously redistributes wealth from the many to the few: