Hacker News new | past | comments | ask | show | jobs | submit login

The question then becomes - when is the money created? Is it created when it is issued by a (central) bank or is created when an exchange (for value) takes place?

(the later has an interesting side effect as it would incentive to make transactions legal)




Sorry, non native english speaker so (in german)

"Ich möchte das nochmal klarstellen, ich redete (schon was her) nicht von 'Zinsfrei' in Umlauf gebrachten Geld, aber sehrwohl und im Interesse aller Beteiligten, von Schuldfrei (i think 'debt-free money' would be the word in english, and against debt driven creation of money) in Umlauf gebrachtem Geld."

And explicit nothing from the Muzzies "economical"-stuff!




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: