I guessed that most people would think that industrialists like Ford and Edison were opposed to fiat money, and in favour of "sound money"—money backed by gold or some other commodity. As this post will show, that is a false belief. These two industrialists were outright fans of fiat money—money created by the government—and critics of both the gold standard and, to some degree, private bank-created money as well.
You want people to understand a reality? Utilize as little abstraction as possible and, if possible, make whatever you're trying to convey beneficial to and directly experienceable by the individual, every individual. That's what the new monetary paradigm of Direct and Reciprocal Monetary Gifting does with the 50% Discount/Rebate policy at retail sale because it is:
1) the very temporal universe expression of the new paradigm
2) everyone participates in retail sale
3) everyone benefits, even the guys in finance because their purchasing power is immediately doubled just like everyone else
Economics has always been nothing if not abstract. Money even more so. That's their best hand. But not even four of a kind wins when it comes to paradigms because they are by definition a straight flush phenomenon.
Minsky is a good mentor. But R. Buckminster Fuller is an even better one.
Excellent. I (sadly) have a subscription to the NYT :)
You want people to understand a reality? Utilize as little abstraction as possible and, if possible, make whatever you're trying to convey beneficial to and directly experienceable by the individual, every individual. That's what the new monetary paradigm of Direct and Reciprocal Monetary Gifting does with the 50% Discount/Rebate policy at retail sale because it is:
1) the very temporal universe expression of the new paradigm
2) everyone participates in retail sale
3) everyone benefits, even the guys in finance because their purchasing power is immediately doubled just like everyone else
Economics has always been nothing if not abstract. Money even more so. That's their best hand. But not even four of a kind wins when it comes to paradigms because they are by definition a straight flush phenomenon.
Minsky is a good mentor. But R. Buckminster Fuller is an even better one.