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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (68625)	11/24/2010 10:59:28 AM
From: Maurice Winn	2 Recommendations Respond to of 218074

Yes, and the internet and writing and morse code have a way of concentrating capital and decision making too:<However, functioning currencies have a way of concentrating capital and decision making, which has its benefits as well as failures. The benefits are: worthy ideas can be pursued creating new goods and services, and economies of scale makes goods and services cheaper. The failures are that we put too much trust in the investing or gambling or predictive prowess of a very few individuals. We also put too much trust that the decision makers will be acting in the interest of the shareholders, bond holders, employees, and citizens.> Yes, it's important when investing to know who to trust. We know we can't trust governments. Without currencies, it's hard for people to conduct trade. "I'll give you two hens for 3 sacks of potatoes" is hard work. Also keeping the hens in the bank, saving them for a rainy day, is difficult and expensive. Doing a telegraphic transfer of a few thousand hens to pay for a house is difficult too. Mqurice