Anonymous ID: 430f23 April 30, 2018, 5:54 p.m. No.1254919   🗄️.is 🔗kun   >>4976 >>5024 >>5215 >>5583

>>1254796. (Prev)

 

Money is an iou

 

I make a computer, you give me money, you get puter.

 

The money is worthless unless someone makes something to buy.

 

China is in trouble. They made stuff. We gave them money. They loaned it back to us so we bought more.

 

They have iou's we have wealth, stuff.

Anonymous ID: 430f23 April 30, 2018, 6:05 p.m. No.1255046   🗄️.is 🔗kun   >>5143

>>1254976

Money is not a thing, it is a book keeping concept. Money is not wealth. It is an iou given in promise of future production by someone.

 

Gold standard is simple barter… wealth for wealth. It limits economic growth

 

gold standard would DESTROY CAPITALISM

 

Don't fall for it.

Anonymous ID: 430f23 April 30, 2018, 6:30 p.m. No.1255368   🗄️.is 🔗kun

>>1255267

What is missing is a good method for

-calculating wealth equivalence of money

-system for increasing/decreasing money supply based on consumption/creation of wealth.

 

Money is not wealth…. it is an iou, promise of future wealth creation