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10-26-2019 edit: Money: What it is & How it works.
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Joined: Jan 01, 1970
|Post subject: 10-26-2019 edit: Money: What it is & How it works.
Posted: Wed Sep 11, 2019 9:07 am
Figuring money out started with showing why Coase's Theorem(url) was wrong.
He used assumed = imaginary money prices instead of a real = objective good in the
chain of exchange as science requires, Science makes its comparisons with measures
we all can see for ourselves = objective.
He also assumed something else that he did not make explicit: The Q of G&S XCed
occurred during a fixed unit of time. When you see this unconscious assumption;
then you can go down to the shortest unit of time it takes for an XC. For example, one second.
For that second a Zimbabwe dollar(s) is fixed and thus equal to any other currency. Over longer
time periods It can depreciate, e.g. an hour or a day; but at that moment its value is acceptable
and fixed for both parties to an XC as future changes in the price ratio are in the agreed upon price.
The problem comes from not being able to keep a currencies value fixed over longer periods,
as the temptation to governments is always to depreciate their currency until things break,
like right now, and you have a catastrophic debt collapse.
What Is The Solution
Certainly not to trust our central bankers, they are the water-boys for our corrupt political leaders.
While Gold and Silver are a good start, there is logically another way that we can complement them.
Use a currency whose initial quantity is fixed and stays fixed through time, and that pays a dividend
from the profits gained by using it, allowed the quantity of units to increase by division. e.g. N1CL WOUs.
"I swear to speak honestly and seek the truth when I use the No 1st Cost List public record."
Last edited by Dan on Sat Oct 26, 2019 7:45 pm; edited 8 times in total
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