What? TJ, how did you conclude that? So I had a look what I wrote to see what convoluted thinking led you to that conclusion: <so you are a believer in central planning after all? >
As you know, the USD and all other central bank currencies are made up by a bunch of politicians who hold power by various means, which means the currencies are by definition centrally planned. Some are even more centrally planned in that they are fixed exchange rate currencies. The USD is bought and sold using other currencies, so the price of it according to those is set according to free market ideas.
But the control of the quantity of the USD is set by Big Ben and co. Meaning they can helicopter all they like, pixelate in pixilated MADness, diluting it at will.
Which isn't to say I'm in favour of centrally planned currencies. It just is that there are centrally planned currencies. I was just pointing out that it isn't very difficult to maintain them at a steady value if the controllers want to, which, being politicians and bludgers, they do not. They just love the idea of a money tree.
I meant it isn't actually difficult to set the price correctly, just as it wasn't difficult to set the price of Globalstar minutes correctly. But the Globalstar currency was destroyed by the dopey ideas of the central planners at Globalstar who overpriced it to such an extent that there are still only 200,000 subscribers.
As I have explained, I am in the process of developing the Qi, aka quid, symbol Q, with 100q to the Q, which will NOT be centrally planned. It will be the antithesis of the kleptocratic descendants of the Aztec barbarians who rule by violence and central control in a xenophobic territorial dominance hierarchy.
But I see how you misunderstood. If Globalstar had been correctly priced by the barbarians who ruled it in the beginning, it would still not have been as good as leaving it to subscribers to set the price, with the base stations merely acting as auctioneers of the available minutes.
The Qi will of course be a continuous auction with everyone who owns the currency defining its value in conjunction with all those who would like to own it. A wonderful dichotomy of those with the Qi, in harmony with those without the Qi and wanting to get it. There won't be any Big Ben, Uncle Al, or Big Brother.
Mqurice |
