tag:blogger.com,1999:blog-4413935813892441553.post697306774391877150..comments2024-03-20T02:13:42.947-05:00Comments on real economics: Thinking about debt and moneyJonathan Larsonhttp://www.blogger.com/profile/05217670446743983955noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4413935813892441553.post-49886524229164522822012-02-29T05:02:16.792-06:002012-02-29T05:02:16.792-06:00That is quite all right to not be a Marxist and st...That is quite all right to not be a Marxist and still be interested in monetary theory. I have heard monetary discussions since I was a boy and I cannot think of one person who was a Marxist so it's obvious this is not a debate favored by them. In fact, this is why I have never been interested in the theories of Marx.<br /><br />I have provided a link to my chapter in "Elegant Technology" on monetary theory. I discuss the subject in much greater depth there. Hope you can read it. But yes, there are limits to how much money can legitimately be created. This limit is a result of many factors but the most serious limit is imposed by the environment. The other important factor is the upper limit imposed by the skills and hard work of the population. The only factor that doesn't make the list is what the banksters want.Jonathan Larsonhttps://www.blogger.com/profile/05217670446743983955noreply@blogger.comtag:blogger.com,1999:blog-4413935813892441553.post-11168187043786410082012-02-29T02:10:50.575-06:002012-02-29T02:10:50.575-06:00I´m am not a communist, I couldn´t be since I have...I´m am not a communist, I couldn´t be since I have never read any Carl Marx book. <br />But there really really should be an upper limit to the amount of money (or digital credit or whatever represents the "ability to pay goods")a single person can own. I´d say the price of a normal house in the western countries (300.000 USD). <br /><br />Could the folks that studied economics come up with a scientific upper limit?Luís Ferreirahttps://www.blogger.com/profile/13657847084544778567noreply@blogger.com