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“Public Debt: Private Asset” by Doug Duff – 5.22.23


Entry Submitted by Doug Duff at 8:44 AM ET on May 22, 2023 The last sentence explains everything. Public Debt: Private Asset [For sake of brevity, most of this discourse has been eliminated; I continue.] The symbol of energy in a social system is called money. There are two types of “money.” Money of exchange is/are the paper notes exchanged for merchandise that most people, erroneously, call “dollars.” Money of account is/are those digits placed on one, or both, side(s) of a ledger that are tallied in an account and represent some form of “energy.” Money of account is simply…

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