Why is there so much debt?

http://www.positivemoney.org/issues/debt/

Thomas
Edison

This is what America’s populist inventor

Thomas Edison, the holder of over a thousand

patents, had to say about our impossible

monetary system.  He made the remarks while

discussing the proposed Mussel Shoals Dam

electric power project.

By Thomas A. Edison

 

People who will not turn a shovelful of dirt on the project,

nor contribute a pound of material, will collect more money

from the United States than will the people who supply all

the material and do all the work.  This is the terrible thing

about interest…

  But here is the point: if the nation can
issue

a dollar bond, it can issue a dollar bill.  The element that

makes the bond good makes the bill good also.

The difference between the bond and the bill is that the bond

lets the money broker collect twice the amount of the bond

and an additional 20 percent.  Whereas the currency – the

honest sort provided by the Constitution – pays nobody but

those who contribute in some useful way.

It is absurd to say

our country can issue bonds and cannot issue
currency

.

Both are promises to pay, but one fattens the usurer and the other

helps the people.  If the currency issued by the people were

not good, then the bonds would be not good either.  It is
a

terrible situation when the government, to insure the national

wealth, must go in debt and submit to ruinous interest charges

at the hands of men who control the fictitious value of gold.

Interest is the invention of Satan.