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Crash Course: Chapter 12 - Debt by Chris Martenson

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Uploaded on Feb 25, 2009

Chapter 12 (Debt): Dr. Martenson explains how, since debt is a claim on future money, it is therefore a claim on future human labor. To put it simply, debt is future consumption taken today. Key Concept 7 is introduced, that "ever-growing debts implicitly assume that the future is going to be larger than the present." Dr. Martenson challenges this assumption, and what it means for us if that condition of growth is not met.

http://www.chrismartenson.com

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