Re: unlimited bond issuance and the interest rate

[Hyman Blumenstock <hystock@xxxxxxxx>]

Bob:

Think a bit deeper.  Rather than being undefinable, Freedom may be
defined as lack of restraint.  Restraint is tangible.  The mere lack (on
the ledgers or of documents alleged to be) of the intangible of Money
evokes a physical restraint, like handcuffs, or barring forcibly from
entry to and acquisition of essential tangible stores. That was the
aboriginal purpose of the fanasy of "Money," to do just that, on the
premise that there was not enough of those tangible stores to go around
to everyone, to deny access to those denied access to the artifices that
is supposed to represent that imaginary Money.

"Mercy" is response of a kindly intelligence, the alleviation of the
suffering of one forced into servitude or poverty, because of the lack
of access to whatever provides one a literal "living" that denial of
access to the intangible, "Money," is meant to do.

"Intelligence" is the orderly  array of elements, as of the brain, or of
a computer, that receive electrical or mechanical impulses and respond
with a useful tangible reaction.

"Electricity" is no more intangible than any molecule of matter, wherein
electrons, physical entities, provide useful forces.

"Money" is still a totally intangible, totally useless concept, whose
application to the Money and Price system is destroying our
civilization.  It is a factor that raises a serious question about the
"intelligence" of those who believe it to be real.

Hyman

Bob Williams wrote:
>
> 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)