?

Log in

No account? Create an account

Money as Debt

« previous entry | next entry »
Nov. 12th, 2007 | 01:36 pm
mood: complacentcomplacent

This seems to bring together a lot of things I knew individually to be true about money, but hadn't really considered all together:
http://video.google.com/videoplay?docid=-9050474362583451279

I'd be interested in hearing any comments. The simplest things seem to inspire controversy -- people get labeled as crackpots even when they're just referring people to primary sources, definitions, and written laws. There's too much la la la I can't hear you in the world.

Link | Leave a comment |

Comments {26}

Triple Entendre

(no subject)

from: triple_entendre
date: Nov. 14th, 2007 01:25 am (UTC)
Link

Maybe the fractional reserve system + FDIC translates to "I promise to have someone do 2 hours of work for you next week if you promise to do 3 hours of work for me the week after that, but I'll only actually do 1 hour of work and replace the other with a promise to have someone else do it, and you'll never get around to demanding that it actually gets done. But if you insist, and I can't deliver that promise, 100 people you don't know will have to give you a penny."

Reply | Parent | Thread

JP Sugarbroad

(no subject)

from: taral
date: Nov. 14th, 2007 01:38 am (UTC)
Link

I don't think your analogy here works quite right.

Reply | Parent | Thread

Triple Entendre

(no subject)

from: triple_entendre
date: Nov. 14th, 2007 02:09 am (UTC)
Link

Be nice to it; it's been tortured and never quite recovered from the experience.

I went ahead and posted it hoping someone might be inspired to make a better one.

Reply | Parent | Thread