Re: Mind's Eye Re: The evolution of money

I did try ages ago Andrew.  The premise that money evolved from barter (as proposed by A Smith) has long been thought untrue.  Barter to money has not been found in any known society, whereas debt systems have proved more or less ubiquitous.  David Graeber's 'Debt: the first 5000 years' has the argument.  Debt was regularly forgiven in jubilees after the death of kings and such.  The Sumerians knew agricultural/business and finance cycles were out of kilter.  Compound interest doubles debt more or less by dividing the interest rate into 70 - 7 years at 10%, 12 years at 6%. - thus $6 million in material and wages to build a bridge and $6.4  million in finance charges.

It's actually very difficult to get people to discuss money because they think they know what it is.

On Thursday, 16 January 2014 15:14:02 UTC, Allan Heretic wrote:

No interest? I thought it was discussed or am I supposed to slobber over buffoon like you?

Sent from my android device.

-----Original Message-----
From: andrew vecsey <andrew...@gmail.com>
To: mind...@googlegroups.com
Sent: Thu, 16 Jan 2014 2:58 PM
Subject: Mind's Eye Re: The evolution of money

This is something very scary I just came across. RFID chips to be used as money.

http://www.youtube.com/watch?v=ggdTmncNc-M     

Does anyone have any idea why there is so little interest shown in this topic? Especially from a group claiming to be a group of "thinkers"?

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