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> it sucks capital from places that do We have more than enough "capital". There is no shortage of (completely made up virtual) "money". There always is plenty

> it sucks capital from places that do We have more than enough "capital". There is no shortage of (completely made up virtual) "money". There always is plenty of money for any worthwhile project - because it is created new for that new project. And if the economy is in trouble because "money!" the government steps in and through intermediaries creates a few trillion, see last crisis. So, please clarify for me, how does anything "suck away" capital from useful endeavors? According all that I read the last decade "money" is scrambling to find even half-decent places to invest itself.

TheOtherHobbes 8y ago
The concept of money is an incredibly corrosive social and mental poison. It forces debates about ethics and social costs/benefits into a value system that's completely artificial and has very obvious and dangerous limitations.
merpnderp 8y ago
I guess you’ve never heard of inflation. When the government prints more money it steals value from the money in my pocket. See Venezuela printing money for people to fill holes other people are digging instead of letting a free market allocate reaources.
- ItsMe000001 8y ago
  I guess you don't know how money works in the modern economy. The majority of money is not created by commercial banks out of thin air, but not unreasonably (at least the actual concept is not unreasonable) - they can only do so when they have a "partner" (customer) willing to sign a debt agreement that they will pay back that amount, plus interest. So banks can't just create what they want. The government GIVES you the money in the first place, you would be nothing living in a mud hut in the swamp without the "evil government". It's not "your" money to begin with. If you want to know what is "yours" go to the middle of the forest and live there, all the stone tools and grass huts you manage to build are all yours, no "stealing" from government. Everything you have you owe to luck of birth, that you were not born nearer the beginning of humanity but today. You live off of network effects of connected humanity in time and space. Don't give me that BS of "your money". Everything you are is 99.999999999999999999% NOT made by you. By the way, we have had a HUGE increase in money over real economy for decades - and only very low inflation. Your ignorance is a bit too extreme for my taste.
  - nylonstrung 8y ago
    Very low inflation nominally, according to a measure that does not factor in 1. Rent 2. Medical Expenses and Health Insurance 3. Education, stuff that matters more than the eggs and milk the CPI measures

TheOtherHobbes 8y ago

The concept of money is an incredibly corrosive social and mental poison. It forces debates about ethics and social costs/benefits into a value system that's completely artificial and has very obvious and dangerous limitations.

merpnderp 8y ago

I guess you’ve never heard of inflation. When the government prints more money it steals value from the money in my pocket. See Venezuela printing money for people to fill holes other people are digging instead of letting a free market allocate reaources.

ItsMe000001 8y ago
I guess you don't know how money works in the modern economy. The majority of money is not created by commercial banks out of thin air, but not unreasonably (at least the actual concept is not unreasonable) - they can only do so when they have a "partner" (customer) willing to sign a debt agreement that they will pay back that amount, plus interest. So banks can't just create what they want. The government GIVES you the money in the first place, you would be nothing living in a mud hut in the swamp without the "evil government". It's not "your" money to begin with. If you want to know what is "yours" go to the middle of the forest and live there, all the stone tools and grass huts you manage to build are all yours, no "stealing" from government. Everything you have you owe to luck of birth, that you were not born nearer the beginning of humanity but today. You live off of network effects of connected humanity in time and space. Don't give me that BS of "your money". Everything you are is 99.999999999999999999% NOT made by you. By the way, we have had a HUGE increase in money over real economy for decades - and only very low inflation. Your ignorance is a bit too extreme for my taste.
- nylonstrung 8y ago
  Very low inflation nominally, according to a measure that does not factor in 1. Rent 2. Medical Expenses and Health Insurance 3. Education, stuff that matters more than the eggs and milk the CPI measures