On Wed, 10 Dec 2003 13:51:40 -0500 lsorense-1wCw9BSqJbv44Nm34jS7GywD8/FfD2ys at public.gmane.org (Lennart Sorensen) wrote:

I wonder what some south american countries would think of your idea. I don't think their devaluation of money has helped their economy at all.

Incentive to spend rather than horde may be an OK idea, but money that looses value isn't necesarily such a good thing, although I guess at the moment basic interest rate isn't doing much better than inflation. Of course encouraging people to spend money they don't have is a really bad idea and I think that too happens sometimes when spending is encouraged too much.

Did some quick Googling and here's a somewhat better explanation of the concept: http://www.transaction.net/money/gc/gc01.html#intro -- JoeHill ++ ICQ # 280779813 Registered Linux user #282046 Homepage: www.orderinchaos.org +++++++++++++++++++++++++++ "One of the most dangerous errors of our time is the belief that human beings are uniquely violent animals, barely restrained from committing atrocities on each other by the constraints of ethics, religion, and the state."-- Eric S. Raymond -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml