Geoffrey Spear on Thu, 13 Nov 2008 16:08:11 -0700 (MST)


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Re: [s-d] The Responsibility in Government Spending Act


On Thu, Nov 13, 2008 at 5:34 PM, Warrigal <ihope127+w@xxxxxxxxx> wrote:
> On Thu, Nov 13, 2008 at 4:18 PM, Geoffrey Spear <wooble@xxxxxxxxxxxxxx> wrote:
>> We don't need a second currency.  Making it more rare won't make it
>> more valuable, since it can't be USED for anything.  Scarcity without
>> utility is pointless.
>
> It's true that scarcity without utility is pointless (unless there are
> enough collectors around, which seems to be the only thing giving
> precious metals their value), but at least this proposal would create
> a currency with a decent amount of scarcity. If I proposed something
> that would create a way to spend our B money, would you vote AGAINST
> because demanding something that isn't scarce is pointless?
>
> On that note, would anyone object to bringing back the RPG or
> something like that?

No, but we already have a currency we can't really spend on anything.
We definitely don't need a second one.  Why not just create 100
currencies that are all completely worthless?
-- 
Wooble
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