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 16:58:24 GMT
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Viewed:
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132 times
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In lugnet.off-topic.fun, Dave Schuler writes:
> 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?
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" as the whatever represents money
- such as your money order - then there is no limit to the money available in
the world. Both peices of paper such as your money order and any other object
(or person), or concept, can, in theory at least, be exchanged for the real
money, so their is no limit to "the total money available."
Much as it is in the real world - little cash - lots of representatives of
cash.
-Jon
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Message has 1 Reply:
 | | Re: All The Money In The World
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| (...) So in essence my question was phrased incorrectly--there isn't $1000 available in Boombaville; there's $1000 in printed cash, but there's no limit on "actual money." Got it. (...) Cool! That goes along nicely with my plan to start Xeroxing (...) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
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Message is in Reply To:
| | All The Money In The World
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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 (...) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
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