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View Diary: Anti-Capitalist Meetup: Money and Magic Beans (46 comments)

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  •  What, I wonder, is the velocity of Yap stones (5+ / 0-)

    "Value" and "Price" are significant ideas in how our species distributes power. Money and power are negotiations that reside deep within our psyches.

    muddy water can best be cleared by leaving it alone

    by veritas curat on Sun May 19, 2013 at 05:14:34 PM PDT

    •  Relatively low (2+ / 0-)
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      JayRaye, The Geogre

      and parallel to the number of people who get married or die, as those are the main time when the stones are "exchanged". I recently read "Debt: The First 5000 Years" and it has a very good explanation of these sorts of currencies. What it calls "Human currencies." They aren't used for everyday things like we use our money, they are use mainly to order social relationships between people. So, no matter how many bananas you had you could never exchange them for a Yap stone. You could also never exchange those bananas for a wife, or as restitution if you were responsible for the death of someone. But you can use the Yap stones for those things. They represent a very different thing than what we think of as money.

      If debt were a moral issue then, lacking morals, corporations could never be in debt.

      by AoT on Mon May 20, 2013 at 10:36:02 AM PDT

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