Easy Chair No. 149, July the 9th, 1987 — Money and Debt: Paper Wealth, Real Slavery

CR101 Radio - Podcast Network · Jun 20, 2026 · 1h 4m

In *Easy Chair 149* (July 9, 1987), R.J. Rushdoony and Otto Scott warn that money and debt are not merely “economic” topics but **religious and moral realities**—because a culture’s view of money reveals where its faith rests. Scott argues the modern world has entered an unprecedented situation: *“money”* as true wealth has largely disappeared, replaced by **paper claims backed by nothing—worse than nothing, backed by debt**. Rushdoony presses the point: modern states *monetize debt*, so currency increasingly represents obligations rather than accumulated production, inviting inflation…