107 comments on Herman Daly: The Disconnection Between Financial Assets and Real Asssets
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107 comments on Herman Daly: The Disconnection Between Financial Assets and Real Asssets
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One more comment ;)
I thinks it also bears mentioning that we need to start looking at money as a tool to facilitate transactions, and NOT as a store of value to an end in itself. By only creating money to match goods and services after they have been performed/created, you've implicitly backed the money with a real/tangible value. Compared to our current system where money is created and backed only the promise to repay with interest in the future. There is nothing "real" backing today's money. The idea then is that money used as a tool will allow you to assemble your own collection of goods/services that IS your investment portfolio. It brings us one step closer to understanding Man's place and relation to the natural systems.
TS
A simple but important point. Thanks for bringing that up. Presumably the depreciation in some scrip is exactly for that purpose - some of them seem to automatically devalue at something along the lines of 1% a month.
cfm in Gray, ME