[SOC] Euro crisis explaned

[Michael Coslo]

On Dec 13, 2011, at 1:25 AM, Quikhooligan wrote:
> 
> I also thought it was an interesting economic discussion. It showed the
> need for cash flow in a society. And also the benefit of being able to
> loan money for a period of time.  The end result was that all debts were
> able to be paid.

And me needs moneys to buy my radioz too!

Anyhow, the best we can do is to see how money gets shifted around to everyone. At base level, modern economics is doing just that.  it is hilarious, but that's okay, because does anyone really want to go back to trading chickens for musket balls? No question of the actual worth of the items, but no money left over for buying radioz.

Then again, my chickens ran off, and my musket ball molds all broke.

Speaking of the barter system, I had an awesome setup with some friend's neighbors. They kept chickens for laying eggs. But they needed food for the birds. We had all manner of leftover stuff, as did our friends. So we gave that to them. And we got brown eggs back. Our friends and us were happy, we got eggs, the owners were happy, they didn't have to pay for food for their chickens, and those were some happy chickens, because they kept all of us in eggs.

That's a true story. But hardly practical on a large scale basis.


> 
> But I couldn't understand how it related to the Euro crisis. I thought
> the Euro crisis was about some countries being bankrupt and not being
> able to pay the full amount of their debts.
> 
> I also couldn't understand how it might have made fun of economists and
> bean counters either.
> 
> But then, I'm only Second Class.
> 
> But I did learn about the word jeremiad and how it relates to 75 meters
> in the evenings.
> 
> You know, this SOC email reflector isn't so bad. It's actually
> educational at times.  Thank Cod.



Bravo! You actually made a digest version of the  reflector there. 8^)




- 73 de Mike N3LI -