Infinite money
- From: The Trucker <mikcob@xxxxxxxxxxx>
- Date: Fri, 15 Jun 2007 17:40:03 -0700
Land is in fixed supply and is not created by labor. Money is in
infinite supply and not created by labor. Money, in the world's money
system comes into existence by fiat. There is no limit to the amount
of money. Yet there is signorage (the dude that creates the money gets
almost full value of it) and, in addition, there seems to be "interest"
paid for this money creation. Owing to my own opinions about rent which
simply translate into "bad", I am suspecting that signorage and
"ineterest" paid to something that has no labor component are some sort of
economic rent. But that doesn't fit anyone's definition of economic rent.
Not even mine. SO what do you call this unearned increment?
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org
.
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