SkydiveJonathan
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Everything posted by SkydiveJonathan
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About Bartercard Bartercard is the World’s largest business to business Trade Exchange servicing over 35,000 trading members across 6 countries with the World’s largest computerised Barter Network.
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Faith was the wrong word - didn't need a word - just 'as fiat money fades from its high point' is fine.
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Romney and Bain avoided the hostile approach, preferring to secure the cooperation of their takeover targets by buying off a company's management with lucrative bonuses. Once management is on board, the rest is just math. So if the target company is worth $500 million, Bain might put down $20 million of its own cash, then borrow $350 million from an investment bank to take over a controlling stake.
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And when people get tired of carrying a dozen eggs around in their pockets all the time, it's back to money. They wouldn't carry the physical eggs. There would just be a few digits in the computer system linked to you saying that the eggs belonged to you.
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As faith in fiat money fades from its high point I expect to see barter increase many times over. The state will try to control and tax. The state may or may not succeed.
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And when people get tired of carrying a dozen eggs around in their pockets all the time, it's back to money. Which now is just a bunch of ones and zeroes in a computer.
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Barter as trade has survived for much longer than the recent upstart money. Whenever money trade breaks down its back to barter as a reflex move.
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There are now more than 325 time banks and alternative currency systems in Spain involving tens of thousands of citizens. Collectively, these projects represent one of the largest experiments in social money in modern times. Peter North, a senior lecturer at the University of Liverpool who has written two books about the subject, said alternative currencies — or scrips — have tended to appear during times of crisis and often disappear soon afterward. But North says the recent efforts in Spain may last longer because they are connected to the 15M, or “Indignados,” movement, originally a youth initiative organized through online social networks that was the inspiration for the Occupy protests around the world.
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This is how I understand money to have arisen. First barter then barter with a time displacement. Barter now. Future money.
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So QE worked. Good old Keynes.
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The promise of money. Not now. In the future.
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So, according to your model, why not a raise in the minimum wage rather than more QE?
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Abolition of the Inheritance Law
SkydiveJonathan replied to SkydiveJonathan's topic in Speakers Corner
A minimal estate tax brings in another $100 billion. The 2009 estate tax, designed to impact only the tiny percentage of Americans with multi-million dollar estates that have never been taxed, returns about $100 billion per year. -
In Barcelona, the country’s second-largest city after Madrid, the preferred model is time banks, which allow people to trade their services in hours without the involvement of money. “This is a way for people who are on the fringes of the economy to participate again,” said Josefina Altes, coordinator of the Spanish Time Bank Network. Similar projects are popping up in Greece, Portugal and other euro-zone countries with troubled economies. These experiments aim to take communities back to a time when goods and services were bartered, before things such as interest rates, market speculation and derivatives complicated the financial world.
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No it's not. What about interest rates? You take no account of the fact that at the moment the state is fighting deflation with QE. Why not fight deflation with a raise in the minimum wage?
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For all the years the minimum wage didn't change inflation still happened. Correct, it is not the sole cause, it is just one cause. Matt So nowhere near a 'huge' cause of inflation as some claim. Now add in the fact that the state is currently using QE to fight deflation where is the inflation risk?
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For all the years the minimum wage didn't change inflation still happened.
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So no huge effect on inflation given at the moment we're using QE to fight deflation.
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So no huge effect on inflation.
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No, it's not. Have another go.
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Minimum-wage workers here in 2012 simply can't purchase as much with their paychecks as they could in 2011. And if you go back a few decades, today's raw deal gets even rawer. Back in 1968, minimum-wage workers took home $1.60 an hour. To make that much today, adjusting for inflation, a minimum-wage worker would have to earn $10.55 an hour. In effect, minimum-wage workers today are taking home almost $7,000 less a year than minimum-wage workers took home in 1968.
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The U.S. incarceration rate in 1980 was 220 for every 100,000 people, according to the Center for Economic and Policy Research. Today, with more than 2 million people incarcerated, the rate has climbed to 743 per 100,000 people. Reason magazine's Veronique de Rugy points out nonviolent drug offenders account for "roughly one-fourth of all inmates in the United States, up from less than 10 percent in 1980."
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A new report from the Congressional Budget Office says that allowing the high-end, ill-conceived Bush tax cuts to expire on schedule at the end of the year would save almost a trillion dollars over ten years.
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Long after the US is history this man will be remembered.
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It should be as legal as alcohol is.