Comments on: Reclaiming Public Control of Money-Creation https://blog.p2pfoundation.net/reclaiming-public-control-of-money-creation/2017/08/29 Researching, documenting and promoting peer to peer practices Wed, 30 Aug 2017 18:35:15 +0000 hourly 1 https://wordpress.org/?v=5.5.14 By: Marc https://blog.p2pfoundation.net/reclaiming-public-control-of-money-creation/2017/08/29/comment-page-1#comment-1579057 Wed, 30 Aug 2017 18:35:15 +0000 https://blog.p2pfoundation.net/?p=67295#comment-1579057 “The criteria for selecting a basis for defining a stable unit of value therefore requires an anchor that is sustainable over the long term without creating harms or risks and whose use is essential for sustaining modern societies.”

Control and stability theory of dynamic systems does not require any anchor.

]]> By: Shann Turnbull https://blog.p2pfoundation.net/reclaiming-public-control-of-money-creation/2017/08/29/comment-page-1#comment-1579049 Wed, 30 Aug 2017 05:16:31 +0000 https://blog.p2pfoundation.net/?p=67295#comment-1579049 Official money is created only with words. This is because it is only a social construct that cannot be defined by any one or more real goods or services. It also means that even official money can be created “out of thin air”!

This make the idea that money can increase its value automatically with the passing of time from interest, not just unnecessarily unfair and exploitive, but ridiculous.

For religious folk, money is the greatest confidence trick in the history of humanity.

If we established a standard unit of value, like we do for weights and measures, the need for money as either a unit of account or a unit value would evaporate.

How this can be achieved to reduce the size and cost of the financial system, eliminate financial crises and reduce or eliminate the need for carbon taxing and/or trading is set out in my article posted at http://www.longfinance.net/news/long-finance-blogs/1094-should-money-have-a-stable-predicable-value.html

]]> By: Cyril Delacour https://blog.p2pfoundation.net/reclaiming-public-control-of-money-creation/2017/08/29/comment-page-1#comment-1579046 Tue, 29 Aug 2017 15:18:07 +0000 https://blog.p2pfoundation.net/?p=67295#comment-1579046 Sectarian obscurantism, don’t forget, the money is like a god and the nature is sacrificed for this god, don’t forget, a tree does not sell its fruits.

(automatic fr translation)

]]> By: marc https://blog.p2pfoundation.net/reclaiming-public-control-of-money-creation/2017/08/29/comment-page-1#comment-1579045 Tue, 29 Aug 2017 14:57:09 +0000 https://blog.p2pfoundation.net/?p=67295#comment-1579045 Unwittingly continues to maintain the standard misrepresentations that underlie the causes of all that Mellor wishes to solve.

There is no way to rationally talk about money without first defining it unequivocally.

https://www.moneytransparency.com/msta-summary

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