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| Home Front: Politix |
| Who Creates Money? |
| 2020-01-03 |
| Posted by:Herb McCoy |
| #11 another anecdote American in backward poverty stricken country asks store owner what he can get for $5 Store owner says, well you can get a whole chicken or a new wife or a bottle of whiskey. American says, well it can't be very good whiskey |
| Posted by: lord garth 2020-01-03 11:59 |
| #10 Value Vs. Money anecdote: A Vietnam Vet (AF Base Security) told me that he had discovered that South Vietnamese paper money made decent toilet paper (crumple it, wet and then let dry in the sun). The Mama-san at the local whorehouse was very appreciative if you showed up with soap and other toiletries bought at the Base PX -- that is VALUE and the local currency was just MONEY. |
| Posted by: magpie 2020-01-03 11:02 |
| #9 Piper warned us all already They Live a saint he should be on stained glass windows! "I came here to kick ass and chew gum. And I'm all outta gum." |
| Posted by: Raj 2020-01-03 09:58 |
| #8 Piper warned us all already They Live a saint he should be on stained glass windows! |
| Posted by: Javimp Elmavising1472 2020-01-03 09:49 |
| #7 if you refinance your house and get a 'cash out' at settlement, you and the financing institutions have created money that's just one example of how difficult it is to understand and quantify what is happening in the economy |
| Posted by: lord garth 2020-01-03 08:10 |
| #6 Yes, and like tax policy, monetary policy is politically distorted until the unintended consequences far outweigh the legitimate goals. Leftists call this "capitalism'" and blame it for all society's ills. |
| Posted by: M. Murcek 2020-01-03 07:47 |
| #5 The state of Mexicalifornia issued 'due out refunds' to tax filers one year recently. Said they couldn't be used to pay in part the next year's taxes. |
| Posted by: Procopius2k 2020-01-03 06:46 |
| #4 That the state accepts tax in their own currency at a certain extent creates a value chain that makes money useful. |
| Posted by: Bright Pebbles 2020-01-03 06:24 |
| #3 I don't know, but I would like some. Please! |
| Posted by: g(r)omgoru 2020-01-03 04:14 |
| #2 Who creates 'value'? Money is simply a medium of transaction. |
| Posted by: Procopius2k 2020-01-03 01:09 |
| #1 The government didn't make that money. |
| Posted by: gorb 2020-01-03 00:55 |