Transcribed from "The Floating Debt Speculation" (even if I tried I couldn't find a better way to rewrite it).
source
Floating Debt is a concept that is presented as complement for taxes (in
a way to ease up excessive taxation). And that can also be used as a
substitute for taxation (although this can be very unpredictable).
Regarding the substitution of taxes, one must be careful.
The
concept explains that debt "floats" from one's pocket to the pockets of
everyone. It can be destructed, become a ghost or even in extreme cases
miracles can happen out of human generosity towards themselves.
Floating debt was originally designed as a temporary fix and/or last
resort solution to avoid Economic Stagnation in Circular Economies.
(Which represents the whole globe nowadays.)
Floating Debt is a Circular Concept also. Although a left-minded and humane one.
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