On Fri, 23 Oct 2020 01:04:36 +0200
Deloptes  wrote:

> Ahem A Rivet's Shot wrote:
>
> > However gold standard and similar attempt to turn the economy into
> > a zero sum game which is equally false to fact. We need the flexibility
> > of floating money but somehow we need to tie it to actual value which is
> > neither fixed nor infinitely extensible but rather somewhere in between.
> >
> > There is no such thing as "real" money.
>
> you talk like philosopher - philosophies lead only to war :)

 I thought that was religions :)

> In fact most of the time in history economics worked with real money
> (backed with real values) - even until 1971.

 Not really, there was always constant revaluation (debasing) to make
them work. Reflect that once a Pound Sterling mean a pound of Sterling
silver or that up until the 1940s a threepenny bit (1/80th of a pound) was
a small silver coin. This is the clearest evidence there is that "real"
money cannot fit the real economy.

> The truth is with automation and internet we are full power in the 6.
> Kondratiev wave

 Heading there AIUI, not quite there yet, but I'm none too fond of
crystal ball gazing, they tend to be cloudy in the important bits. Things
are definitely changing in very fundamental ways though.

> and somehow most of the people miss to understand what the
> consequences are.

 True, I doubt anyone understands all the consequences, nor will
they until they become apparent in the light of history. Unintended and
unexpected consequences are the norm rather than the exception with
technological changes.

> What we know will be obsoleted the same way the steam
> engine was obsolete when the next wave came. It is obvious that it can not
> work the way we were doing it in the past 300y or even more years.

 What is less obvious is how things can work and how we can
transition, noting that transitioning isn't a one off but rather a
continuous process of adapting to an ever increasing rate of change.

> I hope we do not kill each other.

 We've been doing that since long before we invented money, we'll
probably carry on, but hopefully with sufficient restraint for the species
to survive.

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