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This article fails to touch on who issues the money. In particular in the example of the Rai stones it fails to ask what if the ledger keeper could magic up sto
by branchless 10y ago
This article fails to touch on who issues the money. In particular in the example of the Rai stones it fails to ask what if the ledger keeper could magic up stones all over the island to capture labour by eroding the value of the current stones.
Really for me this is one turtle down the stack and he needs to ask who creates credits and what that means.
edit: and right on queue in my twitter feed an article on money creation as theft:
http://www.bloomberg.com/news/articles/2016-08-17/meet-the-man-who-d-revolutionize-money-from-the-inside-out http://www.bloomberg.com/news/articles/2016-08-17/meet-the-m...
edit2: and every single time I submit to a post on money on HN "you're submitting too fast please slow down"! What a surprise...