Friday, January 2, 2015
Money is fake.
Money only has value because of our belief in it. We can't nourish, house, medicate, transport . . . ourselves with money itself. It is only useful as an incremental, anonymous IOU. It helps us keep track of what we owe others. It helps us exchange parts of things, without having to do full, even trades. Using money, we don't need do know who traded what, before the current transaction. In short, it is a useful accounting medium. It should not become more than that. We add unnecessary complication and attributes to money. I think this complexity diverts actual attention and resources from real problems. We feel like paralyzed victims of this thing called "the economy". E.g. "Things will get better for me when the economy picks up." We don't need our current central banking system, and fiddling with interest rates, to help us exchange resources with other people. We don't need people to play games with the timing nor affect perceived values of things using stock markets. In this age, we can take advantage of electronic currency transfer. -no more checks, cash, paper coupons, etc., etc. Cryptocurrencies (like Bitcoin, etc.) could be used to securely decouple currencies from unnecessary national governmental control. But we shouldn't have things like cryptocurrency mining. -yet another meaningless game, not backed by real-world resource value.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment