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Merkel Does The Devil's Work | 167 comments (167 topical, editorial, 0 hidden)
Re: Merkel Does The Devil's Work (4.00 / 4)
Mephistopheles solves contradictions of capitalism by proposing paper money?! What is capitalism without paper money and compound interest?

The Medicis escaped the old Christian prohibition of usury by mediating (and insuring) trade with India, China. But those were the early glorious opportunities of growth. Now the only way to keep investors happy is to print all money for their expected returns.

by das monde on Sun Aug 25th, 2013 at 07:50:37 PM EST
Re: Merkel Does The Devil's Work (4.00 / 5)
What is capitalism without paper money and compound interest?

First it was called cannibalism. Then it was called slavery.

Then someone invented double-entry book keeping, and the rest is history.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Aug 26th, 2013 at 01:24:30 PM EST
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Merkel Does The Devil's Work | 167 comments (167 topical, 0 editorial, 0 hidden)
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