Michael: >> Fictitious values can create real wealth. I can slice and dice bond. Sell >> off parts of it to >> people who are willing to pay because they can ensure the bond from someone >> else. I pocket >> some money for my efforts, then go out and buy a yacht.
Sabri: > But this is mostly about creation of money, irrespective of whether > any income is generated through the creation of debt or not. if the supply of goods and services isn't inelastic, an increase in the amount of money (or rather, money times velocity) would increase real production. -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
