Lou’s interview with Dr. K.
But why WU, why not just scrap paper money and return to gold or silver
“Because such things limit the size of an economy. A country only has so
much gold reserves. So when the size of a country’s economy needs to grow
greater than their reserves, they resort to borrowing,(or helping themselves to
their neighbor’s reserves like the NAZI’s did). This debt burden is what has
caused so much trouble for every nation down through history.
Whereas WU has no such limitations. A country can have unlimited growth
from a human based economy. Only it’s people’s work ethic and population
are the limiting factors.”