dagblog - Comments for "What Is Money ?"

Very good point VA. Very good

cmaukonen — Tue, 19 Jul 2011 13:48:45 +0000

In reply to In essence it would seem what

Very good point VA. Very good indeed. The so called moral hazard.

In essence it would seem what

Verified Atheist — Tue, 19 Jul 2011 10:36:33 +0000

In essence it would seem what sets modern credit apart is the same magic that gave us collateralized debt obligations with arguably a bigger problem (for many): distribution of our debt to nameless organizations so that we no longer feel the same moral urgency to repay it as we would if it were to someone we knew.

Interesting I will have to

trkingmomoe — Tue, 19 Jul 2011 05:12:13 +0000

In reply to What Is Money ?

Interesting I will have to take a look at it on Mosler's site. Thanks