[willmadden]

You're arguing from today's legal framework. I'm not interested in today's legal framework. My point is debt doesn't need to exist and we could operate more efficiently using a currency with a pre-defined supply with efficient equity markets.

[quickthrowman]

Please read the book ‘Debt: The First 5,000 Years’ and then re-examine your ideas about not needing debt. I think you’ll find that we do in fact need debt to function as a society.

A currency with a pre-defined supply is a non-starter, there are multiple academic papers you can find that will tell you exactly why.