[northislander]

Pretending debt is money will continue to produce disastrous consequences...

[Pelham]

“Pretending debt is money will continue to produce disastrous consequences...”

Debt money existed even during the gold standard.

It’s the “credit” referred to in the title of Von Mises’ 1912 book “The Theory of Money and Credit”.

You can read it here if you care to:

https://mises.org/sites/default/files/The%20Theory%20of%20Money%20and%20Credit_3.pdf