Greetings, let me start off by saying I studied biochemistry and astronomy in university so my knowledge of Economics (specifically banking) is limited. I tend to approach things with much skepticism, so I thought that I would post here to get a consensus. I am beginning to research the concepts of debt, debt based money, and this formula: P < P + I If you have the time, can you take a look at this video and please let me know if this is totally off base or is a valid criticism of the standard economic models Short 10 minute videos: PT1 - Revisiting American History http://www.youtube.com/watch?v=l37RhdFGVsM PT2 - Free Market Illusion http://www.youtube.com/watch?v=BGTBkNJ8ZWI&feature=related PT3 http://www.youtube.com/watch?v=a2VDC8UQ3c8&feature=related Pt4 http://www.youtube.com/watch?v=aIsheDSCBK0&feature=related His thesis seems to be pointing out the flaws in Neoclassical Economics which he lists: Flaw 1. Neoclassical Economics assumes free, rational, economic actors by ignoring power differential of debt Flaw 2. Neoclassical Economics ignores the issue that our money is debt Flaw 3. Neoclassical Economics ignores the artificial scarcity condition Flaw 4. Neoclassical Economics equates net worth with value creation are these valid arguments? Is a Bond really just a debt instrument? Is Long term capital control the key to the apparent inequality in this system?