Re:The world is sitting on a $400T financial time bomb (2017)
by jv0010 on Monday October 28, 2019 @09:46AM
(#21376906)
I just don’t understand why people see this as the same thing - the value of money is always vulnerable to a myriad of factors however our moral interest towards each other seems (maybe I’m optimistic ) to be more consistent
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Re:The world is sitting on a $400T financial time bomb (2017)
by IanDrake on Monday October 28, 2019 @09:56AM
(#21376995)
How does one measure value and then store it? That's kind of the definition of money.
A money market account is insured and the real return is 0%, so it's not as vulnerable as you seem to think.
You can call money a credit. Then you can assign credits to actions and create a moral police to assign credits to people who do these actions and enter those credits into a leger. And now you've recreated communist China. Congrats.