tag:blogger.com,1999:blog-8737138830085975606.post8796932937110736850..comments2022-12-08T02:33:27.794-08:00Comments on New Currency Frontiers: Money Simply Facilitates Trade?Alan Rosenblithhttp://www.blogger.com/profile/12508818912677197006noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8737138830085975606.post-18669867173113621942009-10-14T08:51:12.874-07:002009-10-14T08:51:12.874-07:00Thanks Robin. Of course you are right. The metac...Thanks Robin. Of course you are right. The metacurrency system will itself create a blind spot that will generate negative externalities that we can't see. Our descendants will most certainly be creating a meta-meta-currency system that will take the level jump that will make those new externalities visible.<br /><br />On a side note, this truth is why I think the practice of Jubilee and Sabbath are so important. The fundamentals behind both these ideas is that they are times (on both the short and long time horizons) where we step back, and refrain from work, from creating systems, from interfering. Where we let the world just be. From that place perhaps we can see the externalities we create for ourselves.Eric Harris-Braunhttps://www.blogger.com/profile/10322749596471278565noreply@blogger.comtag:blogger.com,1999:blog-8737138830085975606.post-80728033665888807072009-10-14T03:15:24.260-07:002009-10-14T03:15:24.260-07:00Thank you Eric for your post. I found your vision ...Thank you Eric for your post. I found your vision of externalities really interesting and I had a great feeling reading your post maybe only because I agree with all you say. <br /><br />I just want to add something you inspired me about externalities. These questions around externalities are really important because they arise in every where and we never see them (ok that's maybe the definition of externalities). I think the complex thinking is the best way to deal with externalities but I also think that every group of human living in community will create externalities to apprehend the world, take decision... In other terms, externalities cannot be avoided. It is created intensionally or not. The idea of a God wasn't created intentionally, however, maybe, the bible was. The social contract of rousseau was a try for an intentional externality. I thing today's non-intentional externality could be "quantitativeness" and has arise with massive admiration for things coming from science. The other big externality we have to face today is the invisible hand (the one from adam smith) arising from self organized human systems and open money cannot escape from that. I am not telling that to say what is good or bad, and anyway I truly believe in open money. I know that it is because I truly believe in mankind. I just try to remember that the stronger the belief is, the harder it is to see it as an externality !Unknownhttps://www.blogger.com/profile/05156195659731575756noreply@blogger.com