1. Money doesn't actually exist 2. Government issue bonds for sale base on a promise to buy these back at a given amount on a given date. 3. Government gets money for bonds and spends it to create revenue 4. The promise to pay is then called government debt 5. Governments can issue more… Continue reading Money as a construct
Tag: money
Life
straight to the pointy end, life is planetary. The millennial aims to consume it, and replace the real with a digital representation, Which reality is within our grasp. We've talked about value, of the mercentalisation of everything. Use the biotope to create waste to destroy habitat and ecology, in the hope of more success. Discussions… Continue reading Life
Value II
The valuation of goods is based on rarity, as perceived through an anthropomorphic veil. True value, can only be represented as the energetic costs of their production. The work required to extract and consume minerals is worthless unless repeatable. I will make reference to a greater wisdom than mine: Only when the last tree has… Continue reading Value II
Theconversation II
Evening, you are of course correct that the market, in itself, is simply an efficient medium by which to exchange, the work done by increasing entropy. Money, the medium of exchange, is now digital, existing as a construct. So what will you tell your child when they ask where monies come from? Is it like… Continue reading Theconversation II
Ceteris Paribus 