Re: Money as Debt

The most important feature that the digital coins have is that you never have the "we won't do this project, because there is no money"-problem, which was what happened in 1929. There were workers, people wanting to eat, and factories, but no money.

That's not really what happened in 1929, or 1932.

The banks stopped increasing the money supply, did a few tricks (called back margin loans) on the stock market to make it fall faster and probably shorted the entire economy. What's wrong with that? The end result was that normal people were not able to pay with labour for their living expenses.

The only reason that I don't go to greater lengths to correct your misunderstandings of economic history is that I grow weary of doing so on online forums without due compensation.

I actually don't see much difference between the way you describe it and I do. You label the government as intervening, but AFAIK it was the Federal Reserve which decided to act essentially against the interests of the population. By shorting against the national economy they could get even more money. They do this trick every few decades and are speeding up the process.

You are free to reference books that claim the government intervened.