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.
> 
> 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.

Did some quick Googling and here's a somewhat better explanation of the concept:

http://www.transaction.net/money/gc/gc01.html#intro

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