I did try ages ago Andrew. The premise that money evolved from barter (as proposed by A Smith) has long been thought untrue. Barter to money has not been found in any known society, whereas debt systems have proved more or less ubiquitous. David Graeber's 'Debt: the first 5000 years' has the argument. Debt was regularly forgiven in jubilees after the death of kings and such. The Sumerians knew agricultural/business and finance cycles were out of kilter. Compound interest doubles debt more or less by dividing the interest rate into 70 - 7 years at 10%, 12 years at 6%. - thus $6 million in material and wages to build a bridge and $6.4 million in finance charges.
It's actually very difficult to get people to discuss money because they think they know what it is. On Thursday, 16 January 2014 15:14:02 UTC, Allan Heretic wrote: > > No interest? I thought it was discussed or am I supposed to slobber over > buffoon like you? > > Sent from my android device. > > -----Original Message----- > From: andrew vecsey <[email protected] <javascript:>> > To: [email protected] <javascript:> > Sent: Thu, 16 Jan 2014 2:58 PM > Subject: Mind's Eye Re: The evolution of money > > This is something very scary I just came across. RFID chips to be used as > money. > > http://www.youtube.com/watch?v=ggdTmncNc-M > > Does anyone have any idea why there is so little interest shown in this > topic? Especially from a group claiming to be a group of "thinkers"? > >> >> -- > > --- > You received this message because you are subscribed to the Google Groups > ""Minds Eye"" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected] <javascript:>. > For more options, visit https://groups.google.com/groups/opt_out. > -- --- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
