Subject:
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All The Money In The World
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Newsgroups:
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lugnet.off-topic.fun
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Date:
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Thu, 21 Dec 2000 16:35:17 GMT
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Viewed:
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161 times
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Hypothetical:
I live in Boombaville, a closed economic community in which the total money
available equals $1000 and where money orders cost $.50. Having closed an
auction deal with an AFOL in a distant part of Boombaville, I proceed to the
post office to buy my money order. I walk in with $10.50 and walk out with
a ten-dollar money order negotiable for trade and purchase.
I might be missing something simple, but it seems to me that I've
increased the net dollar amount in the community by $10. In any case, this
would be temporary money, since it will cease to exist after my fellow AFOL
cashes it, but what about in the meantime?
Dave!
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Message has 2 Replies:
 | | Re: All The Money In The World
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| (...) Assuming your money is part of the total $1000 the economy never would increase because you give $10.50 to the post office. The post office increases it's portion of the $1000 dollars by $10.50 at the same time you lose $10.50 of your portion. (...) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
| | | Re: All The Money In The World
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| (...) It depends on how you measure "the total money available." If you measure it as the acutal cash (greenbacks, etc) - then no - you don't have the $10 anymore, and the total money hasn't increased. But if you measure "the total money available" (...) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
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