Tuesday, October 30, 2012 at 10:14 PM
Paine said in reply to Barkley Rosser...
Nick has simply drawn up another useless fragment world
The apparent significance comes from the word gold
The social choice of medium of account here needs motivation
Just what he can't provide
The pure medium of account is an entirely different sort of entity
From commodity money or commodities
Its like the word tree or the number two
The trick is realizing our obligations fixed in some medium of account
Untied to real supply constraints
Has a purely social existence like spoken language
I'm too bored to make full sense of this
But once again
Nick has draughted up a toon tale
From his own private Cockroach terrace of the dismal science
Again as usual
Nick has obliviously awakened
a frost giant he can hardly manage
It's supply is limitless and of no material cost
The apparent significance comes from the word gold
The social choice of medium of account here needs motivation
Just what he can't provide
The pure medium of account is an entirely different sort of entity
From commodity money or commodities
Its like the word tree or the number two
The trick is realizing our obligations fixed in some medium of account
Untied to real supply constraints
Has a purely social existence like spoken language
I'm too bored to make full sense of this
But once again
Nick has draughted up a toon tale
From his own private Cockroach terrace of the dismal science
Again as usual
Nick has obliviously awakened
a frost giant he can hardly manage
It's supply is limitless and of no material cost
Nick's consistent big trick
Turn everything into an exchange system super imposed on a pure human services
Production system
He abstracts from every particular that characterizes
our principal existing market system
private production relying primarily on co operating groups of wage paid
Skill divided machine assisted direct producers
A social production system Organized and activated for Private profit
Any goony toon
game board
spuriously essentializing conjury of his
Is just another. Duck blind another
Shooting gallery
To conceal our misery from ourselves
With his lates paper and paste potemkin citizen paradise
market system for real products in the full commodity form
Turn everything into an exchange system super imposed on a pure human services
Production system
He abstracts from every particular that characterizes
our principal existing market system
private production relying primarily on co operating groups of wage paid
Skill divided machine assisted direct producers
A social production system Organized and activated for Private profit
Any goony toon
game board
spuriously essentializing conjury of his
Is just another. Duck blind another
Shooting gallery
To conceal our misery from ourselves
With his lates paper and paste potemkin citizen paradise
market system for real products in the full commodity form
He's challenging for a big chair here
The George Will professor of play station PAC man political economy
The George Will professor of play station PAC man political economy
Paine said in reply to Barkley Rosser...
You get it of course
There has to be an implicit assumption
The inter temporal obligation grid
is set in units of what ever is the universally accepted means of payment
Providing more of this medium is costless to the supplier
So it could be provided limitlessly on demand
To pay for real products
But this may well alter product prices
And this mpacts the value of this inter temporal grid
There has to be an implicit assumption
The inter temporal obligation grid
is set in units of what ever is the universally accepted means of payment
Providing more of this medium is costless to the supplier
So it could be provided limitlessly on demand
To pay for real products
But this may well alter product prices
And this mpacts the value of this inter temporal grid
If some monarch set and reset the exchange ratio between the currency
and the unit of account used in the obligation grid superimposed on the payments system
Well...he or she would soon enough get out sourced along with his or her unit of account
Beyond his or her ability to extract tax payments etc in his or her choice of means of payment
and the unit of account used in the obligation grid superimposed on the payments system
Well...he or she would soon enough get out sourced along with his or her unit of account
Beyond his or her ability to extract tax payments etc in his or her choice of means of payment
The absurd genteel discourse among tenured Econ con coxcomb. Merlins
Is a blisteringly bad joke
Just call John Taylor a Plutocrats street whore mr Paul K
Sacrifice your skunk skin robes
Be a Nassau county St Francis
Go naked into the fields
Calling out these mountebanks by name and address
Do it for the great flocks of american peoples
you wish to serve
Is a blisteringly bad joke
Just call John Taylor a Plutocrats street whore mr Paul K
Sacrifice your skunk skin robes
Be a Nassau county St Francis
Go naked into the fields
Calling out these mountebanks by name and address
Do it for the great flocks of american peoples
you wish to serve
