Money money money money, was Inside the blah blah blah

From: Michael M. Butler (mmb@spies.com)
Date: Mon Mar 10 2003 - 00:29:42 MST

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    On Sun, 9 Mar 2003 14:58:56 -0800, Reason <reason@exratio.com> wrote:

    > The US is aggressively devaluing the dollar by issuing more to pay for
    > trade and other deficits. This affects the world economy.
    >
    > Reason
    > http://www.exratio.com/

    I think I follow the model. So what are the effects of zillions of dollars
    in bogus loan guarantees, IMF writeoffs and the money-creation of the
    credit
    card divisions of major commercial banks in the world? Not asking about the
    relative scale--I'm asking about the effects.

    MMB

    PS: I'm still trying to figure out exactly why Moore's Law (and other
    singularity-like stuff) isn't (commonly thought to be) deflationary (yet).

    I think it has something to do with the time value of technotoys and their
    going out of fashion/obsolescence--an 8-track TASCAM Portastudio I paid
    kilobucks for, new, is now basically landfill in the eyes of eBay... etc.,
    etc.
    It reminds me a little of the idea of issuing money with a "freshness date"
    on it. The toys aren't staple commodities, so their market value has a
    first-quadrant-1/x-like curve in many cases. Comment?

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