November 14th, 2011 / 1:59 am
 Craft Notes

THE TRANSPARENCY OF CAPITAL

(hat tip to “kashi butterfield”)

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10 Comments

  1. November 14th, 2011 / 3:20 am realhistoryofdebt—
  2. November 14th, 2011 / 3:36 am kb—

      i like the norman o. brown ‘money is just a stand-in for our own shit’ angle better. because when i put on my they live sunglasses it is more amusing when the dollars say “poop” instead of “nothing”.

  3. November 14th, 2011 / 4:52 am Heyteraid—

      Impossible Mike, i’m starting to dig your posts.

  4. November 14th, 2011 / 8:57 am Craig Ronald Marchinkoski—

      is why i keep cows in my clothes. just in case i want to barter for a barrel of guaro. 

  5. November 14th, 2011 / 11:53 am Erik Stinson—

      the value of currency is equal to a given person’s ability to believe in the concept of value

  6. November 15th, 2011 / 12:51 am Will Wilkinson—

      That’s the sound of a buck-oh-five on its way to a Ron Paul “Moneybomb.”

  7. November 15th, 2011 / 4:03 am Ken Baumann—

      Vouched + this book is great and all sorts of fucked up.

  8. November 15th, 2011 / 6:20 am Guestagain—

      value of anything = what a quorum of participants mutually agree to

  9. November 15th, 2011 / 8:00 pm deadgod—

      In reality, this nickel and this twenty-dollar bill are worth about the same, because it cost the government about the same to make them–

      Things are “worth” what it “cost[s]” to make them??  When it comes to exchange, and especially to desire, that’s not keeping it real.

  10. November 15th, 2011 / 8:31 pm deadgod—

      With the passage of time, however, virtual credit money was replaced by gold and silver coins–

      Is this the argument that the book makes:  that portable units of exchange-value “replaced” the accounting for debt – enormous, relative to the coins that first appear many hundreds of years later in other parts of the world – in receipts of granaries, shops, and government offices in Mesopotamia and Egypt?