[ExI] a good laugh
dsunley at gmail.com
Sat Oct 9 17:43:36 UTC 2021
I've had a game of Cookie Clicker running for a few months. I'm up to 16.9
quadrillion cookies per second, but all the upgrades I can purchase are in
the high quadrillions, mid quintillions, or low sextillions of cookies.
That's the Zimbabwe lesson. The number of zeros on the ends of all the
price tags don't matter. It's how long it takes you to earn enough currency
to afford your needs and wants. The relative value of your needs, compared
to the relative value of your labor. Everything else is just a game for
On Sat, Oct 9, 2021 at 9:56 AM F. C. Moulton via extropy-chat <
extropy-chat at lists.extropy.org> wrote:
> The idea for a high value coin has been around for a long time; some
> history at:
> On 10/8/21 3:57 PM, spike jones via extropy-chat wrote:
> > *From:* William Flynn Wallace <foozler83 at gmail.com>
> > *Subject:* a good laugh
> > from Krugman's column
> >>…one possible way out would be to exploit an apparent legal loophole by
> > minting a platinum coin
> > <
> https://nl.nytimes.com/f/newsletter/b4dtI5rwAikyBwQmgGZipg~~/AAAAAQA~/RgRjQwZkP0TwaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMS8xMC8wMS9vcGluaW9uL2JpZGVuLWNvaW4tZGVtb2NyYXQtcmVwdWJsaWNhbi1kZWJ0LWxpbWl0Lmh0bWw_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjExMDA4Jmluc3RhbmNlX2lkPTQyNDAxJm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9NzEwNjAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4VwNueXRCCmFfZIFgYT_hCG1SE2Zvb3psZXI4M0BnbWFpbC5jb21YBAAAAAA~> with
> > a huge face value, say $1 trillion, depositing that coin in an account
> > at the Fed, then drawing on that account to pay the government’s bills
> > bill w
> > Cool, why didn’t we do this a long time ago?
> > But platinum is relatively rare, and if they are using up several grams
> > of the stuff every time they need a trillion dollars, why not substitute
> > some other more common material, such as copper or steel?
> > If a multi-trillion dollar spending bill can be covered by minting a few
> > copper or steel coins, why don’t we use a roll of those to pay the
> > national debt? Then we can use a couple a year to replace taxes, add a
> > couple more and carry the US budget. And if spending doesn’t add to the
> > national debt, we don’t need to increase the borrowing limit.
> > But this is all US politics. Please if anyone outside the US has any
> > comments to make, you may feel free to post me offlist. I don’t want us
> > getting in trouble with ExiMod.
> > Brits and Italians, what does it look like from your perspective? Why
> > didn’t Britain ever come up with the idea of just minting a trillion
> > pound coin? Even Zimbabwe figured out this very simple answer to
> > runaway debt: mint the mighty quadringentillion dollar note:
> > Then sell the quads to American tourists and gag-gift buyers for 3 bucks.
> > I learned that a quadingentillion is (1000)^400 or 10^1203.
> > spike
> > _______________________________________________
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> F. C. Moulton
> moulton at moulton.com
> extropy-chat mailing list
> extropy-chat at lists.extropy.org
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