[politicket]

I would only be excited if you allowed me to buy 10% of your magic wand at a cheap price before you began waving.

I couldn't do that, since the money you would use to buy 10% of my magic wand wouldn't exist anymore.

You see, 'money' is just a 'claim on debt'.

If all 'debt' disappeared then 'money' would be a claim on 'nothing'.

There would be no money in our current economic system.

Nobody would have a paying job. There would be no food to buy. Anarchy would prevail - and hundreds of thousands of people would literally starve to death if food isn't provided for free to them by laborers working for free.

Be careful what you wish for...

[CodeToad]

“If all ‘debt’ disappeared then ‘money’ would be a claim on ‘nothing’.”

BS. Money is a storage of wealth. It is not a storage of debt.