The larger the supply of a particular paper currency the more inefficient such trading capital inevitably becomes (i.e. trade regulations, bureaucracy, taxes, big goverment, armed forces, etc.). On the flip side, pure or liquid barter is the most efficient way of trade as the cost of “money” remains current with the actual trade, and debt levels remain linked to real assets (Schumpeter and Walrus describe such debt to asset links in their vision of Economic Equilibrium). As the Euro makes its way into Eastern European countries, those countries local economies will inevitably inflate and get more inefficeint; as rents and wages will increase proportionately as a function of the Euro’s relatively inflated value. Continued
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Book
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My book The New Game provides an economic back-up plan and formula to help us shape our economic future.
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Recent Tweets
- Federal Reserve to buy Treasury bonds - otherwise known as "drinking its own blood". Interest rates will spike as hyperinflation results. 2010-08-11
- Prices of essentials such as food and electricity to inflate, while prices of non-essentials such as big homes and cars to deflate 2010-08-11
- Essentials such as electricity and food prices to inflate in price and non-essentials such as big homes and fast cars to deflate in price. 2010-08-10
- Goldman Sachs bans naughty words in emails. Partners and employees of the Wall Street firm to sell girl scout cookies as well. 2010-08-04
- Real Estate set to plummet, again. Banks will be forced to sell at auction prices which will dramatically reset market prices. 2010-07-13
- More updates...
