Taking Stick of Money Yesterday

[peristaltor]

The other day, brucenstein asked in a somewhat snarky way if a Peristaltordollar (!) "creates wealth." After having a hearty chuckle at issuing my own currency, I realized yes, it could. It all depended upon what role my PeriBuck plays in my society.

And to determine that, we first thing we need to know is that

Comments

[rasilio]

Wait, you thing currency is wealth?

Next I suppose you will tell me that your car goes really fast because it has a lot of rulers in it.

[peristaltor]

And I said that . . . where?

[meus_ovatio]

Psh. Money doesn't create wealth. Labor creates wealth. Labor is the only source of wealth in society. Viva la revolucion.

[peristaltor]

Don't forget capital. Uncle Karl did. He wanted labor to be the sole font of wealth he ignored the machines.

Big mistake.

[meus_ovatio]

You mean the machines designed, assembled, transported and operated by labor?

[peristaltor]

Yeah, those, the ones that, once fueled or powered up, started doing the labor that used to be hired to build them.

[peristaltor]

I've heard to many references to this book to avoid popping it on the library list. Thanks.

[underlankers]

Good post.

[htpcl]

This gentleman is so going to the hall of fame!

[peristaltor]

You are too kind, sirs.

[htpcl]

Ugh, did I say fame? I meant shame.