by Summary:
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
Why people take that “script” whatever that is, what was it backed with?
It was backed by what money is always backed with, the faith and legitimacy of the institution issuring it, which in this case, was the mayor of Wargill
@Mervin Chin did he own half the town? Was he a mafia boss? Did he have some unusual weapons ?
@jmbpaz lol, those are great questions, apparently the people had enough incentive to use his script, maybe he was just a nice guy
what podcast is this short from?
with Lex Fridman
this is fine, but lets say i want to save up money for work on the house like an extension. my money is depreciated how do i afford anything greater than the money payment from the govt. not every good or service is immediate need or want.
The purpose of this type of stimulus is much different than that of a stimulus for savings, hence the stamp. You would design a program much different if you're looking to increase aggregate savings
I think what this line of thought leads us to is that we need more than one type of currency, and that capital expenses denominated in the same currency as consumer expenses is irrational.
@Pay to Win MTG It's a brief point in history, and an interesting scenario, adapting a slippery slope paradigm to it is a bit advanced
that does seem to be the answer , but not programmable. just w incentives like this. but a 2ndary currency. _Jc