<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">I don’t have a good answer to that because that’s essentially what we’re doing. <div><br></div><div><a href="https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html">https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html</a></div><div><br></div><div><a href="https://news.bitcoin.com/printing-money-from-thin-air-how-the-fed-reduces-purchasing-power-and-makes-you-poorer/">https://news.bitcoin.com/printing-money-from-thin-air-how-the-fed-reduces-purchasing-power-and-makes-you-poorer/</a><br><div><br></div><div> Money is a fiction. <br><br>It can easily be “taxed back out of existence”. <br><br><div dir="ltr">SR Ballard</div><div dir="ltr"><br>On May 8, 2020, at 7:23 AM, spike jones via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:<br><br></div><blockquote type="cite"><div dir="ltr"><meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta name="Generator" content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--><div class="WordSection1"><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><o:p> </o:p></p><div><div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in"><p class="MsoNormal"><b>From:</b> extropy-chat <<a href="mailto:extropy-chat-bounces@lists.extropy.org">extropy-chat-bounces@lists.extropy.org</a>> <b>On Behalf Of </b>SR Ballard via extropy-chat<br><b>Subject:</b> Re: [ExI] Even India and Haiti do it better<o:p></o:p></p></div></div><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">>…Spike, I think you’re failing to realize this: If we wanted to, we could take the amount of the US debt and just... print that many dollars and just pay. Poof. Debt disappears in a puff of smoke. <o:p></o:p></p><div><p class="MsoNormal"><o:p> </o:p></p></div><div><p class="MsoNormal" style="margin-bottom:12.0pt">>…Money only exists because we all agree it exists. It has no intrinsic worth, beyond maybe butt wiping and kindling.<o:p></o:p></p><div><p class="MsoNormal">>…SR Ballard<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Hi SR,<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Many US states are being forced to re-open their economies before it is safe. They know it isn’t safe yet, and we all know it. It is crazy risky. It will cost lives. The consequences of that will be bad.<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">In your view, if printing more money to pay off debts is an option (poof, debt disappears in a puff of smoke (just give the unemployed their former pay)) why aren’t we doing that?<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">spike<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"> <o:p></o:p></p></div></div></div></div></blockquote><blockquote type="cite"><div dir="ltr"><span>_______________________________________________</span><br><span>extropy-chat mailing list</span><br><span><a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a></span><br><span><a href="http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat">http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat</a></span><br></div></blockquote></div></div></body></html>