3 ms·
I can understand that difference in opinion, even as I'm firmly convinced it will be ultimately impossible. Money is, in some sense, a contract between people;
by Helianthus 14y ago
I can understand that difference in opinion, even as I'm firmly convinced it will be ultimately impossible.
Money is, in some sense, a contract between people; or perhaps a better way of saying it is that it's within the public concern. So there _must_ be some human authority backing it.
- BrianEatWorld 14y agoThere is a fair amount of literature in the field of economics on effective,self regulating and contracting groups that don't require a third party human authority to enforce contracts. In fact, the 2009 Nobel Laureate for Econ was actually in said field. Many of the solutions aren't perfect, but neither are the human authority alternatives. The question to ask is, on the margin, is having a human authority more efficient than the self-regulating alternatives?