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Reason: None provided.

you can issue currency based on productivity without causing inflation.

Any currency based on the future labor of people is called indenture. I suggest we don't do that. That is what we currently have. The reason we have inflation is not because its backed by our future labor, but because without injections into the system it would fail because some of it is constantly being taken out in interest.

It's a fair bit more complicated than that, and has a lot to do with what happens when money is taken out of the system (see the Great Depression). The point is, our current system is exactly this, backed by our future labor, and inflation is not based on that aspect of it.

Too much faith is as bad (or worse) than too little faith.

I suggest we need a no faith system. Assets are not faith based. There is no faith in there. You either need (or want) silver or you don't. It doesn't matter if its a medium of exchange, it has value all by itself. It is used for all sorts of things, including as a primary form of adornment for god knows how many thousands of years because it is pretty, malleable, and has numerous other qualities that are unique. It has value, all by itself. Zero faith, tons of faith, it doesn't matter.

Every community needs to issue their own currency backed by the assets and productivity of their local community members.

Sweet JESUS. You are going to give me a heart attack. I can't wait to release my report so that people can see the real history of economies. I will repeat myself. Any system that uses as a medium of exchange for barter the future labor of people is called slavery.

It also is something that doesn't exist, i.e. it's just a worthless currency, not backed by an asset. Banking on the future fails when the future doesn't live up to expectations. For an example, see the Federal Reserve Note in a few months (hopefully).

I honestly think we need a lot more discussion of the post awakening currency system.

For sure. I have a ton written up as a starting point for debate.

Everything is liquid, nothing can be tampered, life is beautiful.

Exactly. Everything is liquid, everything is solid. Its the perfect cup of ice water!

2 years ago
1 score
Reason: Original

you can issue currency based on productivity without causing inflation.

Any currency based on the future labor of people is called indenture. I suggest we don't do that. That is what we currently have. The reason we have inflation is not because its backed by our future labor, but because without injections into the system it would fail because some of it is constantly being taken out in interest.

Too much faith is as bad (or worse) than too little faith.

I suggest we need a no faith system. Assets are not faith based. There is no faith in there. You either need (or want) silver or you don't. It doesn't matter if its a medium of exchange, it has value all by itself. It is used for all sorts of things, including as a primary form of adornment for god knows how many thousands of years because it is pretty, malleable, and has numerous other qualities that are unique. It has value, all by itself. Zero faith, tons of faith, it doesn't matter.

Every community needs to issue their own currency backed by the assets and productivity of their local community members.

Sweet JESUS. You are going to give me a heart attack. I can't wait to release my report so that people can see the real history of economies. I will repeat myself. Any system that uses as a medium of exchange for barter the future labor of people is called slavery.

It also is something that doesn't exist, i.e. it's just a worthless currency, not backed by an asset. Banking on the future fails when the future doesn't live up to expectations. For an example, see the Federal Reserve Note in a few months (hopefully).

I honestly think we need a lot more discussion of the post awakening currency system.

For sure. I have a ton written up as a starting point for debate.

Everything is liquid, nothing can be tampered, life is beautiful.

Exactly. Everything is liquid, everything is solid. Its the perfect cup of ice water!

2 years ago
1 score