On Mon, Feb 05, 2007 at 02:49:40PM +0530, shiv sastry wrote: > Hmmm? We? > > Ah I know! > > Iraq!!
No, accrued wealth disparity is pretty much built into the monetary system. You need expiring currencies (those slowly losing value unless changing hands) in order to encourage circulation and discourage hoarding. For the same reason a precious-metal backed currency does *not* work long-term. (Of course, fiat-currencies wielded by crooks break down even sooner). It's a reasonably hard problem, and yet unsolved. In fact, most people even recognize this as an fault of one of the core algorithms running our socities. -- Eugen* Leitl <a href="http://leitl.org";>leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE
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