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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (91010)10/1/2007 4:38:06 PM
From: neolibRead Replies (1) of 306849
 
You do make a mistake in assuming all wealth must be monetized with an equal amount of money. There must be enough money to provide for the needs of savings and exchange, which is a small percentage of a society's total wealth.

Yes, I know that the == amount is higher than needed, but I was actually pulling that from a comment in your post which implied that was what you thought. I might have misread that. The question is do people even agree on what the amount should be?

I want to clarify one other thing: Are not the non-monetarists a very small segment of economists these days?

BTW, in my island script, I should have shown a track for money creation prior to credit creation. I.e.

1) Barter goods having use aside from intrinsic value i.e. most any goods or services.

2) Selection of a small set or a single item, having such use, but somehow also suited as a standard for exchange (coconuts?) because of uniformity, longevity, etc.

3) Transition to something of intrinsic value, but not much other use, i.e. baubles of some sort.

4) Adoption of anti-forgery methods and other means of regulating the supply of these baubles which have basically no use besides being money.
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