Printing money is just another accounting trick.

Post #48,190 by marlowe 8/5/02 2:41:02 PM Reply	Printing money is just another accounting trick. It's that sort of thing got us into this mess in the first place. Maybe it's time to try the gold standard again. Or barter. Awkward but upfront. [link\|http://www.angelfire.com/ca3/marlowe/index.html\|http://www.angelfir...e/index.html] Everything's a mystery until you figure out how it works. Free Joel Mowbray! I'm a-gonna put a gun rack on my SUV.
Post #48,248 by deSitter 8/5/02 7:14:15 PM Reply	All Finance Capitalism is accounting tricks. -drl
Post #48,266 by ben_tilly 8/5/02 9:11:42 PM Reply	This trick happens to matter though You really want your medium of exchange to be constantly devaluing, but slowly. Devaluing you ask? Why of course! Because if it is increasing in value then your medium of exchange starts to become a plausible investment, which gets in the way of exchanging it. OK, so why slowly? Well to be useful as a medium of exchange, its value has to be sticky enough that people keep a decent sense of what various amounts of money mean in real terms. Cheers, Ben "Perl is like vice grips. You can do anything with it, and it's the wrong tool for every job." --Unknown
Post #48,274 by deSitter 8/5/02 9:35:56 PM Reply	Adiabatic Change - Economics as Thermodynamics Just a nutball idea I had. So what is economic entropy? Free markets. The heat death is bartering on the nearest dusty corner. -drl
Post #48,330 by ben_tilly 8/6/02 6:56:02 AM Reply	The heat-death of economics... to my mind would be the point where the transaction overhead of keeping track of ownership exceeds the economic benefit of the same. My belief is that this happens a lot with copyrights, see open source for details. :-) Cheers, Ben "Perl is like vice grips. You can do anything with it, and it's the wrong tool for every job." --Unknown

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