C4SS Feed 44 presents Erick Vasconcelos‘s “Let’s Abolish Government Debt” read by Erick Vasconcelos and edited by Nick Ford. It’s a radical idea, but debt should be abolished. Today. Over time, it not only morphed into a system that generates increasing debt and that channels money from the individuals to banks’ and capitalists’ pockets, but government…

Primo, è tempo di annullare il debito pubblico. Lo stato non deve avere la possibilità di emettere debito e chiedere prestiti. Vietato. Il debito pubblico, che in pratica non è che debito da ripagare in futuro con tasse pagate da terze parti, non ha alcuna giustificazione. A pagare sono le persone: voi ed io. L’ex…

Let’s get this out of the way first: it’s time to abolish government debt. The state should be unable, effectively prohibited to issue new debt and take loans. There is no justification for government debt, which essentially boils down to contracting debt to be covered by future taxes paid for by third parties. By the…