Impacts of President Obama`s Economic Recovery Plan
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I don't think auamoti was thinking about bartering. Gold is a commodity but could (ans has) functioned as money.
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Wow, he sounded pretty unsure of himself.
1 year ago 2
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Krugman blamed Phil Gramm for the crisis. But the 1999 Act is called Gramm-Leach-Bliley. That Leach one is beside him in the video xD
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i don't disagree with you here, not one bit.
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People just haven't realized that we are practically on the verge of a system in which there is no value in any monetary system. The whole purpose of a bill, or pound note, or whatever you have is to arbitrarily determine distribution of goods and services.
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goods exchanging on themselves may have existed in the past, yet whatever form such commerce takes shape in today will not be a 'return to the past'.
you post no argument for Why competing currencies would be unworkable, nor do they need to be 'implemented' by some national consensus to work. thanks for your double thumb-down though..
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Returning to the old ways of bartering is not the answer to modern dilemmas. Besides, the entire world is now basically hinged on the monetary system. It would be impossible to re implement the previous system.
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Krugman is probably one of the most stupid person out there.. Completly retarded
vince8520 1 year ago 3
Wow, yes I agree that he was very unsure of himself. Lots of tangents and talking in circles.
tarmin21 1 year ago 2