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chump wrote:made up money
BenDhyan wrote:I think the point is, and one has to be very careful in saying this, that it is in the realms of possibility that those who create the money may get to control practically almost every facet of general day to day life for the working class. And that's fine if these money makers are benevolent, but it is in the realms of possibility they are not humble souls and do not have the best interests of the workers at heart. They are not elected, so in this case we would just have to make do with our lot until it is over.
The study of money, above all other fields in economics, is the one in which
complexity is used to disguise truth or to evade truth, not to reveal it.
— John Kenneth Galbraith
Among all the world's races, some obscure Bedouin tribes possibly apart, Americans are the most prone to misinformation. This is not the consequence of any special preference for mendacity, although at the higher levels of their public administration that tendency is impressive. It is rather that so much of what they themselves believe is wrong.
Elvis » Tue Jun 25, 2019 5:20 am wrote:chump wrote:made up money
Of course money is made up. It's not something that ever existed before humans invented it.
Grizzly » Thu Jun 27, 2019 10:05 pm wrote:"Imagine a multidimensional spider's web in the early morning covered with dew drops. And every dew drop contains the reflection of all the other dew drops. And, in each reflected dew drop, the reflections of all the other dew drops in that reflection. And so ad infinitum. That is the Buddhist conception of the universe in an image." –Alan Watts[1]
"Grizzly » Fri Jun 28, 2019 7:05 am"]"Imagine a multidimensional spider's web in the early morning covered with dew drops. And every dew drop contains the reflection of all the other dew drops. And, in each reflected dew drop, the reflections of all the other dew drops in that reflection. And so ad infinitum. That is the Buddhist conception of the universe in an image." –Alan Watts[1]
Elvis » Tue Jun 25, 2019 5:36 pm wrote:BenDhyan wrote:I think the point is, and one has to be very careful in saying this, that it is in the realms of possibility that those who create the money may get to control practically almost every facet of general day to day life for the working class. And that's fine if these money makers are benevolent, but it is in the realms of possibility they are not humble souls and do not have the best interests of the workers at heart. They are not elected, so in this case we would just have to make do with our lot until it is over.
"Those who" create the money create as much as Congress tells them to create. It's not up to them.
If you're worried about Fed power to influence interest rates to "stabilize" the economy, I'm for changing that.
I can't blame anyone for being confused...The study of money, above all other fields in economics, is the one in which
complexity is used to disguise truth or to evade truth, not to reveal it.
— John Kenneth Galbraith
Since money was brought up, I'm pursuing it here because I think we should expand our consciousness of money.
(Feel free to swing by the MMT thread and discuss further.)
DrEvil » Fri Jun 28, 2019 11:47 am wrote:How about consciousness as money? In a hypothetical post-singularity society where everyone has uploaded their minds the obvious choice for currency would be computational power, and more computational power would equal more mind.
Another brainfart: If the simulation hypothesis is correct, who's to say we're inside the simulation? How de we know we aren't the hardware?
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