[ExI] Money Games

Damien Broderick thespike at satx.rr.com
Mon Dec 15 03:28:29 UTC 2008

At 11:14 AM 12/15/2008 +0800, Stephan wrote:

>from a perspective of Gold (aka real money)

Omg. Money is not a *thing*, it's a signifier, an operator; reifying 
it is a step backward into immobility and superstition. Half a 
millennium ago Spain screwed up its own economy and a lot of others 
by dumping a shitload of the stolen shiny stuff into the market. Gold 
has the minimal advantage these days that it's hard to find heaps 
more on Earth, so a gold-based money supply can't be pumped up in the 
bogus fashion displayed nicely in the cartoon (but those at the helm 
can always just change the attributed value). Since real wealth *is* 
increasing (O blessed extropy!), there does need to be a way to pump 
in more of the standard signifiers. But some rationality applied to 
the process would be desirable.

Damien Broderick

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