Unless the overall money supply keeps growing, there will never be enough money to pay back all the loans plus interest. “This is why we see ‘growth’ as the central mantra of finance. Why consumers are urged to ever-greater consumption, why prices continue to rise—because new debt must feed ever-growing interest requirements. “Most shocking to the layman is the fact that repaying debt destroys money. If most debts were paid off, far from helping the economy, it would increasingly paralyze it. No debt would mean there was no money.”
