Comments on: The root of money is…? http://richardjackson.org/2007/05/21/the-root-of-money-is/ Life in Melbourne. Fri, 06 Jan 2012 00:34:32 +0000 http://wordpress.org/?v=2.9 hourly 1 By: David Kellam http://richardjackson.org/2007/05/21/the-root-of-money-is/comment-page-1/#comment-23555 David Kellam Tue, 22 May 2007 01:36:35 +0000 http://richardjackson.org/?p=151#comment-23555 An alternative to learning about money is to give all of it to people who do. The great thing about this system is you don't have to do anything - that's already happening! (Cue debate) An alternative to learning about money is to give all of it to people who do.
The great thing about this system is you don’t have to do anything – that’s already happening! (Cue debate)

]]> By: Jason http://richardjackson.org/2007/05/21/the-root-of-money-is/comment-page-1/#comment-23514 Jason Mon, 21 May 2007 10:43:01 +0000 http://richardjackson.org/?p=151#comment-23514 Aha. Your question about money was cleverer than we had realised. It was actually about money rather than wealth. The answer is that goverments make rules about "money supply", which their mints, and presumably also private sector banks, then follow. I know that much. It was the subject of a lot of debate when monetarism was in fashion in the 80s. I don't know what the rules actually are at the moment in any specific countries though. Jason Aha. Your question about money was cleverer than we had realised. It was actually about money rather than wealth.

The answer is that goverments make rules about “money supply”, which their mints, and presumably also private sector banks, then follow. I know that much. It was the subject of a lot of debate when monetarism was in fashion in the 80s. I don’t know what the rules actually are at the moment in any specific countries though.

Jason

]]>