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I realize money is an abstraction - what I'm saying is that the model - its mapping onto real activity is questionable to people besides hippies. Usually when a
by bachbach 8y ago
I realize money is an abstraction - what I'm saying is that the model - its mapping onto real activity is questionable to people besides hippies. Usually when a small town or community provide their own currency there is an surge of economic prosperity. Eventually central banks act as a leveler and the connection between small businesses like startups and the macroeconomy is so attenuated it might be compared to those projects in physics to reconcile small physics and big physics.
The topic is much more mysterious than you're allowing for!