Comments on: Two Sets of Rules http://www.coxesroost.net/journal/2008/11/15/two-sets-of-rules Asking the Stupid Questions since 1971 Sat, 11 Feb 2012 11:49:16 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: winterspeak http://www.coxesroost.net/journal/2008/11/15/two-sets-of-rules/comment-page-1#comment-40948 winterspeak Thu, 20 Nov 2008 18:37:52 +0000 http://www.coxesroost.net/journal/?p=945#comment-40948 Yes indeed, life is very different if you are a currency issuer than if you are a currency user. One set of rules, but two different positions on the board game (kind of like a "dealer" vs the "players", or an "umpire" vs the "team"). Yes indeed, life is very different if you are a currency issuer than if you are a currency user. One set of rules, but two different positions on the board game (kind of like a “dealer” vs the “players”, or an “umpire” vs the “team”).

]]> By: Jim Baird http://www.coxesroost.net/journal/2008/11/15/two-sets-of-rules/comment-page-1#comment-40914 Jim Baird Tue, 18 Nov 2008 18:33:44 +0000 http://www.coxesroost.net/journal/?p=945#comment-40914 If you ever read Jane Jacob's economics stuff, like "The Economy of Cities", she advocated local (or at least metropolitan level) floating rate currencies. I don't think she was completely "in paradigm", as Warren would say, but she had a enormous intuitive grasp of economic realities... If you ever read Jane Jacob’s economics stuff, like “The Economy of Cities”, she advocated local (or at least metropolitan level) floating rate currencies. I don’t think she was completely “in paradigm”, as Warren would say, but she had a enormous intuitive grasp of economic realities…

]]> By: Will http://www.coxesroost.net/journal/2008/11/15/two-sets-of-rules/comment-page-1#comment-40905 Will Mon, 17 Nov 2008 20:36:24 +0000 http://www.coxesroost.net/journal/?p=945#comment-40905 There's no insult intended in the use of the word. There’s no insult intended in the use of the word.

]]> By: Scott Fullwiler http://www.coxesroost.net/journal/2008/11/15/two-sets-of-rules/comment-page-1#comment-40904 Scott Fullwiler Mon, 17 Nov 2008 17:34:38 +0000 http://www.coxesroost.net/journal/?p=945#comment-40904 Concern about political effects is legitimate, but it's not a "theory," it's how the monetary system works. Nobody has yet provided evidence to the contrary, and not expected to, since accounting identities and nature of monopoly supplier of the currency are pretty clear to anyone who's willing to look. Indeed, even mainstream literature agrees. Concern about political effects is legitimate, but it’s not a “theory,” it’s how the monetary system works. Nobody has yet provided evidence to the contrary, and not expected to, since accounting identities and nature of monopoly supplier of the currency are pretty clear to anyone who’s willing to look. Indeed, even mainstream literature agrees.

]]> By: Will http://www.coxesroost.net/journal/2008/11/15/two-sets-of-rules/comment-page-1#comment-40903 Will Mon, 17 Nov 2008 15:23:19 +0000 http://www.coxesroost.net/journal/?p=945#comment-40903 It's a concern about the political effects of the particular economics of the theory. ;-) It’s a concern about the political effects of the particular economics of the theory. ;-)

]]> By: warren mosler http://www.coxesroost.net/journal/2008/11/15/two-sets-of-rules/comment-page-1#comment-40888 warren mosler Sun, 16 Nov 2008 15:44:35 +0000 http://www.coxesroost.net/journal/?p=945#comment-40888 Good point! Though I wouldn't call it problem with the theory. Just the way it is! :) Good point!

Though I wouldn’t call it problem with the theory. Just the way it is!

:)

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