In the Beginning was the Command Line

[Taavi Burns]

On Wed, Dec 10, 2003 at 05:03:25PM -0500, Marcus Brubaker wrote:
> in order to encourage internal industries.  The key is that money is a
> commodity and its value is dictated by supply and demand just like
> everything else.  The benefit of using a currency over hard goods is
> precisely that it can be borrowed without it actually existing.  You
> can't borrow a loaf of bread that doesn't exist, but you can borrow
> money which doesn't really exist.  This allows investment and economic
> growth that wouldn't otherwise be possible.

Ah, but money doesn't really exist either.  It only has value because
everyone agrees that it has value, usually as a direct result of a government
backing it with actual resources, or a reputable promise of having
resources.

-- 
taa
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