In the Beginning was the Command Line

[JoeHill]

On Wed, 10 Dec 2003 13:51:40 -0500
lsorense-1wCw9BSqJbv44Nm34jS7GywD8/FfD2ys at public.gmane.org (Lennart Sorensen) wrote:

> I wonder what some south american countries would think of your idea.  I
> don't think their devaluation of money has helped their economy at all.

LOL! Of course, it doesn't work if *everyone* doesn't participate. Besides, it's
a little more complicated than the one-line explanation that I provided,
so I don't think you can take too much from it. 
 
> Incentive to spend rather than horde may be an OK idea, but money that
> looses value isn't necesarily such a good thing, although I guess at the
> moment basic interest rate isn't doing much better than inflation.  Of
> course encouraging people to spend money they don't have is a really bad
> idea and I think that too happens sometimes when spending is encouraged
> too much.

Well, only *money* loses value, so there's not necessarily any real effect on
personal wealth. One's wealth comes from material and/or service accrual,
and *cash flow*, instead of interest.

You'd be better off reading about it from someone who can explain it in more
detail, in the long run. That was really just a one-liner in a much bigger
argument, an example of an alternative mainly.

Thanks for correcting my spelling of "horde" though, it does have a bit of a
different meaning the other way... ;-)

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