Below is a very lucid article explaining monetary systems in general, and more specifically goes into the details of a debt-based monetary system. It's also very useful to read some reader's comments in the same article (especially DGW) who adds further clarity to the nature of the unsustainable debt-based monetary system. An analogy to cigarettes makes the entire article less dreary and very simple to understand.
Our Debt Money System Explained
by Michael Nystrom
August 23, 2007
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