Dissects deluded views of what money is
WHAT IS MONEY? Definition: Money is an “in-process promise to complete a trade over time and space” Proof: Examine trade: (1) Negotiation; (2) Promise to deliver; (3) Delivery. In simple barter exchange in the “here-and-now”, (2) and (3) happen simultaneously, on the spot. Any exchange of “value for value” (e.g.corn for piglets; gold or gold …
MD: I had this dialog with someone calling themselves IMissLiberty on substack. We love to dissect these comments. In this conversation she is IML. I am TM (which is the same as MD). Here’s our dissection. https://rubino.substack.com/p/next-generation-money-part-1-texas/comment/16562802#comment-16687203?utm_source=activity_item IMissLIbertyMay 29 IML: The value of things is based on what you are willing to pay for them. …
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MD: Quickly scanning this article it appears this writer does not get it. Let’s dissect it and see. https://explorewhatworks.com/money-shared-delusion-why-how-we-think-about-money-matters/Money Is A Shared Delusion: Why How We Think About Money Matters Feb 10, 2022 | Mindset & Identity, Money & Life, Productivity Tara McMullin is a writer, podcaster, and producer who explores what it takes to …
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MD: I was searching the web for an instance where money was associated with a “promise”. There weren’t many hits. I tried this one. It was a waste of time as you can see. https://paradigmlife.net/blog/better-understand-premise-money/ How to Better Understand The Premise of Money By: Paradigm Life On: August 26, 2016 In: Blog How to Better …
MD: At Money Delusions we quite frequently come across one of these beauties we just can’t pass up. The only way to deal with this kind of nonsense is to annotate it in place. Bill Bonner’s Diary “Free” Money Destroys the U.S. Financial System By Bill Bonner August 29, 2019 Print MD: He begins with …
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*** MD: This article is from ZeroHedge.com. There they are clueless about money, but continue to pontificate with articles like this. At MoneyDelusions (MoneyDelusions.com/wp) we know that gold is not money … and easily prove it. Lets see how they get around our proof. A couple of months ago, CNBC’s Josh Brown made a blog …
https://www.zerohedge.com/news/2019-06-21/blain-facebook-last-place-we-should-trust-banking-hub#comment_stream This article on zerohedge addresses the new overture by Facebook to create a new money (Libre). Knowing what you have learned here about money, it is a fun exercise to take articles like this and blow them full of holes. Money is an “in-process promise to complete a trade over time and space.” It …
[MD] The provocative (and ill-informed) title of this article begs some annotation. At Money Delusions, it is obvious and provable to us that not only is money debt, it always has been and it always will be. Money is a promise to complete a trade over time and space … and a promise is obviously …
Are Cryptocurrencies Inflationary? by IWB · October 22, 2017 MD: If you understand money, you know the proper process to enable it “guarantees” perpetual perfect supply/demand balance for the money itself. Thus, it is neither inflationary nor deflationary. The Bitcoin process thinks (like the gold bugs think) that money needs to be rare to be …
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MD: Transparency in the “money creation” part of a proper MOE process is crucial to its acceptance, discipline, and efficient and effective operation. Many eyes on the traders making the trading promise and getting them certified … i.e. creating money keeps those traders honest. Many eyes on the traders delivery or the process’ mitigation of …