Saturday, January 19, 2008
What Is Money?
Watched an interesting video today: Money as Debt. It's not really healthy to know too much about how the economy works...
It also brought to mind an interesting argument. At one point in the video, it is noted that an individual paying out all debts means more money for that individual, but everybody paying out all debts means that there no longer is any money. So if you happen to subscribe to a philosophy that requires only actions that would be acceptable if everyone did them, you need to ensure you remain constantly at debt. And furthermore, since the whole thing is a massive pyramid scheme, you also need to increase your debt exponentially.
It also brought to mind an interesting argument. At one point in the video, it is noted that an individual paying out all debts means more money for that individual, but everybody paying out all debts means that there no longer is any money. So if you happen to subscribe to a philosophy that requires only actions that would be acceptable if everyone did them, you need to ensure you remain constantly at debt. And furthermore, since the whole thing is a massive pyramid scheme, you also need to increase your debt exponentially.
Labels: armchair philosophy, sensory deprivation
