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What is Money?
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What do I promise to pay you? – santomatteo
https://santomatteo.wordpress.com/what-do-i-promise-to-pay-you
Give your money a good name. So what is money? What do I promise to pay you? What do I promise to pay you? If money is a promise then what am I promising? Imagine I am Bagpuss again. And I am promising Charlie Mouse chocolate biscuits if he works for me. He does a day’s work and I give him a note which says:. 8220;I promise to pay the bearer on demand 2 chocolate biscuits.”. This is the money I issue and I am promising. Economists like to say that my money is. Or that my money is. Depends on how much the...
timisbest – santomatteo
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Give your money a good name. So what is money? What do I promise to pay you? Imagine Liz R wanted to gamble with James Bond. How would that work? Bond, intrigued but on his guard, handed over ten one-hundred pound notes and the cashier counted out a thousand pounds worth of primary coloured casino chips. He walked over to the card table where his employer was already waiting. There was a Martini waiting as well. 8220;Good Evening, Ma’am. I hope I’m not late.”. 8220;Good job they trust you, Ma’am! Bond th...
Trond Andresen – santomatteo
https://santomatteo.wordpress.com/2015/07/08/trond-andresen
Give your money a good name. So what is money? What do I promise to pay you? Here is a nice idea written by a wonkish gent. Http:/ folk.ntnu.no/tronda/econ/paper-wolfson.pdf. It describes exactly the kind of financial system I would recommend. Also, the first three paragraphs describe exactly what is happening in Greece at the moment. It was written at least three years ago. And therefore reminds me of a book called “The March of Folly: From Troy to Vietnam”. Written by Barbara Tuchman. July 8, 2015.
Money is not a Sandwich, George – santomatteo
https://santomatteo.wordpress.com/2015/07/14/money-is-not-a-sandwich-george
Give your money a good name. So what is money? What do I promise to pay you? Money is not a Sandwich, George. July 2015. A budget speech from George Osborne. I won’t bore you with a line by line commentary. If you read this blog then you can work it out for yourself. Now George is not a stupid man so he must be a liar. Here is the main assumption behind most of the speech:. 8220;Taxpayers pay for Government spending”. But, as we have explained, taxpayers don’t pay for anything. I also have a bag. He just...
So what is money? – santomatteo
https://santomatteo.wordpress.com/so-what-is-money
Give your money a good name. So what is money? What do I promise to pay you? So what is money? Imagine that I am a big fat cat called Bagpuss. I want to fix things which are broken. An obviously good idea which will make the world a better place. But I am lazy so I want the mice to do all the work. So how do I get the mice to work for me? Suppose the mice like chocolate biscuits. If I have some chocolate biscuits. Then I can get the mice to work for biscuits. The mice work and I am happy;. So far so good.
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santomatteo | What is Money?
Give your money a good name. So what is money? What do I promise to pay you? Robert Preston’s 10 Commandments. Although Economics Editor for the BBC,. You don’t understand money. Here are some comments based on your scaremongering article. About Corbyn’s “QE for the people”. Http:/ www.bbc.co.uk/news/business-33884836. First, you say that after the QE. During which the Bank of England bought Government debt. The Treasury owes the BOE some 375bn. Money is just a promise. Swapping Bonds for Reserves. The e...
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