Paul
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It is quite normal in a credit economy for the aggregate of credit =
balances to grow over time. These units are non-null, they represent a =
real power of command over labour.
Chai-on:
You, of course, may imagine that the accumulated credit represents a =
real power of command over labour as long as the debtors are believed to =
be capable of redemption. =20
However, if you keep on accumulating the credit over and beyond my =
redemption capability, how can you be easy believing that your credit =
represents a real power of command. =20
You need a sort of due machine. =20
yours,
Chai-on