Re: unlimited bond issuance and the interest rate

[Bob Williams <williams@xxxxxxxxxxxxxxxx>]

Hymen wrote (after selective arbitrary editing)

> There is no such thing as Money.

Well, it may be an intangible but like so many other undefinables like
freedom, mercy, intelligence, electricity, one would be ill advised to
ignore its influence.

>  Tell me, if you are given
> the choice of being put into a desert area for an indefinite period,
> with billions of dollars of legal paper documents, or gold, for your
> very own for the rest of your life, but no Food or Water  ...  One way
> would truly make you Money wealthy for the rest of your life  ...
> the other, maximum life as Nature currently dictates.

Sounds similar the choice presented to the Easter Islanders:

	Chase wealth in the form of Statues at the cost of the environment
		or

	Properly manage the environment and put that new stone carving
technology back into Pandora's box.

They, of course, like we do normally, went for the gold (statues
actually).  Exceptions do exist, maybe the Mormons who maintain a 1 year
stock of food on hand but are not required to maintain a 1 year stock of
money on hand.

Wms+  (Bob Williams)