Subject:
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Re: 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 16:55:47 GMT
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Viewed:
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175 times
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In lugnet.off-topic.fun, Jude Beaudin writes:
> 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. Then when the AFOL gets the money order, his portion of the $1000
> increases by $10.00 the same time the post office's portion decreases by
> $10.00. Thus at any given time the total money will always equal $1000. The
> only way to change the value of the community is to add or remove money.
Does that include the time between the purchase of the money order and its
cashing? During that time it seems that there is $10 more in
circulation--not actual, minted coinage, but legal tender nonetheless.
Dave!
Still talking to himself.
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Message has 3 Replies:
 | | Re: All The Money In The World
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| (...) Yes it includes the time, but that money order you've got in your hand is simply "valued at" property. The money order itself is not actual money. One might say, however that you've increased the amount of VALUE in the town temporarily, but (...) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
| | | Re: All The Money In The World
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| (...) your (...) Isn't this an illustration of the money multiplier effect? The most liquid instruments, M1, which include cash, checks, money orders, etc., have the highest "multiplier" because they circulate faster, increasing the value of money (...) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
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Message is in Reply To:
| | 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)
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