I am more or less with Keynes because a demurrage ( demi-urge?) currency would distract with all that arbitrage.<p>The general debt problem is that there must be sufficient growth to eclipse the debt over time. This is the only way that it can work.<p>If increases in the money supply are not sufficient to enable&#x2F;support an increase in GDP, then that&#x27;s rather a Catch-22. This depends on one hairy bit of psychology - either create value, you value-creators or we&#x27;ll have inflation. No slacking, as they can now do.<p>It does not help that QE{I,II,III} were &quot;we are increasing the money supply, but we are not really increasing the money supply.&quot;