Abstract
Economics is a science of perspectives. It requires an understanding of the different interests of buyers and sellers, creditors and debtors, supply and demand, and so on. It is thus a dialectical system in which science seeks synthesis, for example, in the form of equilibrium theories of price formation.One of the many perspectives is the critique of interest rates. It is an important component of interest rate theory. It addresses the negative aspects of interest rates. However, the discourse is predominantly conducted outside of economics. It is well suited to characterizing the challenges of our existing monetary system and facilitates the description of the processes that lead to deflationary economic crises. It enables the introduction of concepts such as inequality, crises, and limits to growth and improves the possibilities of prediction.This article examines our monetary system macroeconomically using aggregate values, taking a time and interest rate perspective. The common equilibrium theories are only briefly discussed and classified.
Keywords:
- Keyword: money; debt; deflationary crises; interest rate theory; interest rate criticism;
How to Cite:
Brass, P., (2026) “The Nature of money and Its Systemic Challenges”, Journal of Financial and Economic Dynamics 1(3): 166, 140-153.