There are far, far, far too few of them, apparently.
Different currencies clearly have different relative economic value as currency systems.
Everybody wants some currencies and nobody wants others.
Say the U.S. consumes fewer Chinese and Indian goods - who is helped?
On Wed, Oct 1, 2008 at 2:15 AM, Dmytri Kleiner <dk at telekommunisten.net> wrote:
>
> On Tue, 30 Sep 2008 16:36:15 -0700, "boddi satva" <lbo.boddi at gmail.com>
> wrote:
>
>> This is silly Calvinism.
>
> No, it's reality.
>
>
>> There's a word for "generalized frugality". That word is "poverty".
>>
>> Villagers in Sierra Leone have a very small carbon footprint.
>
>
>> What American provides to the world is money. It has simply failed to
>> provide the world with enough money.
>
> Money is a debt instrument, it has no intrinsic value. What America was
> able to provide the world after WWII was //stable// money. Those days are
> over.
>
>
> --
> Dmytri Kleiner
> editing text files since 1981
>
> http://www.telekommunisten.net
>
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>
-- peace,
boddi
http://financialroadtosocialism.blogspot.com/