[PLUG-TALK] What is money? (was Fair Use, etc.)
Russell Senior
seniorr at aracnet.com
Fri Mar 29 19:35:03 UTC 2002
>>>>> "J" == J A Henshaw <jeff at jhenshaw.com> writes:
J> You are forgetting that the "tokens" as you call them, are credit -
J> not money.
J> You will see runaway inflation in your lifetime.
As someone who owes lots of money on a mortgage, I would *welcome*
runaway inflation. With a little well-timed hyperinflation, I could
pay off the house in a year. Bring it on, baby!
J> You also forget that the bankers have hoarded the gold.
a) I doubt it (there is probably more gold in landfills on
edge-connectors in abandoned PC's than in Fort Knox); and b) if so,
they are welcome to it. I have _no_ use for gold. It only has value
to me in that there are kooks who have an inordinate fascination with
the stuff, and given a pile of gold I would immediately convert it
into something I _do_ value.
--
Russell Senior ``The two chiefs turned to each other.
seniorr at aracnet.com Bellison uncorked a flood of horrible
profanity, which, translated meant, `This is
extremely unusual.' ''
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