money
Episode 11
The 25th of March guest appearance on Don Nicoloff’s Evident Footprint show. Discussing about life without money, how long the recession will last, creativity, what is important, freedom and responsibility and how to get more fulfilling life.
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Zeitgeist: Addendum – Sound Economics?
A recent movie called Zeitgeist: Addendum introduces a concept called Resource-Based Economy from The Venus Project as a replacement to our current fiat based fractional reserve monetary system. The movie raises a lot of questions and observations and I will address here only a few of them based on the article only.
Medium of Exchange, Barter, and [...]
What central banks should do?
Gary has very clear advice: nada de nada.
Inflation is the increase in the money supply
How do you like it when someone is exchanging nothing for something?
Kings did it in the past and we are doing it at the moment in massive scale as well.
Money and Inflation: The Tendency to Deny Reality by Frank Shostak.
Legal counterfeiting
Printing money does not increase the amount of products and services available in the market. It only increases the prices in the long term, in the short term it creates an illusion of increased wealth before the slow adjustment of prices catch up.
“The services money renders are conditioned by the height of its purchasing power. [...]