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9-29-2019 add: Money: What it is & How it works.
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Joined: Jan 01, 1970
Posts: 363
Location: USA
PostPost subject: 9-29-2019 add: 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 money prices instead of a real good in the chain of exchange.

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 waterboys 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 and that pays a dividend from the profits gained by using it,
allowed the quantity to increase by division. e.g. N1CL WOUs.

More later

"I swear to speak honestly and seek the truth when I use the No 1st Cost List public record."

Last edited by Dan on Sun Sep 29, 2019 7:41 am; edited 5 times in total

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