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I was messaged was in response to me asking him if he thought money was debt: "Money is simply a representation of our promissory obligations (which represents our labor and production that we *owe to each other*) So if we did not *owe* our labor and production to another person, if someone else...
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Their subsidization of solar panel production is, believe it or not, has little or no impact on the pace of solar energy research and development. If they subsidized the production of cell phones, new faster, smaller, more reliable cell phones would still be coming out every year. The only difference...
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It states that countries can only have two of the three generally desirability’s: capital mobility, a stable exchange rate or monetary independence.
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I was having a discussion with a friend about the idea of competative currency. I generally like the idea, but my friend pointed out something apparently wrong with it. He asserted that a competitive currency system would create uneccessary complications in exchange. That in every exchange made, you...