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.

LOL! Of course, it doesn't work if *everyone* doesn't participate. Besides, it's a little more complicated than the one-line explanation that I provided, so I don't think you can take too much from it.

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.

Well, only *money* loses value, so there's not necessarily any real effect on personal wealth. One's wealth comes from material and/or service accrual, and *cash flow*, instead of interest. You'd be better off reading about it from someone who can explain it in more detail, in the long run. That was really just a one-liner in a much bigger argument, an example of an alternative mainly. Thanks for correcting my spelling of "horde" though, it does have a bit of a different meaning the other way... ;-) -- JoeHill ++ ICQ # 280779813 Registered Linux user #282046 Homepage: www.orderinchaos.org +++++++++++++++++++++++++++ "When the going gets weird, the weird turn pro." -- Hunter S. Thompson -- 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