[Fingolfin]

What makes you think everyone can or wants to pay off all their debt?

They might not be able to or want to, but that doesn't mean we should base our monetary system on debt. This is because we all ride the economic roller-coaster caused by debt-money, and we all have to pay the taxes on the debt the government runs up for our "benefit".

[Toddsterpatriot]

This is because we all ride the economic roller-coaster caused by debt-money, and we all have to pay the taxes on the debt the government runs up for our "benefit".

Please explain the difference between the interest the government owes on $1 billion of fiat debt and the interest the government owes on $1 billion of gold debt.