admice
Just listened to 6, 7, 8 and 12 of this. The trouble is although he defines "money as a claim on labor" and "debt as a claim of future human labor" he then ignores the labour (production) aspect and sees the growth of the economy as being driven by the need to pay interest on debt rather than as by the imperative to accumulate more and more capital out of profit created by labour. This makes him give a purely monetary and financial explanation of how capitalism works, including crises.But it's production for profit not production for interest that drives capitalism and leads to uncontrollable "growth". Interest is only a subdivision of profit and so can only come out of this (as the definition "debt is a claim on future labor" implies) and does as profits are generally greater than legally-payable interest (if not, of course, the interest cannot be paid and isn't).He also says, at the beginning of 6, that money is inevitable, which of course we don't accept.