Money in a closed ecosystem
Morlock Elloi
morlockelloi at yahoo.com
Sun Oct 24 21:27:55 PDT 2010
I think that the term "growing" was misunderstood - it refers to a certain floral activity, and I'll bet that there's not export, it's all consumed internally.
> > Growing, however, creates real value that would need to be balanced
> > with external cash inflow (a very useful indicator of how much is
> > being grown, BTW.)
>
> I disagree. While the total value of the system compared to the external
> world can indeed grow (and be balanced by an outflow of some saleable
> resource, either physical or not) the amount of needed in-circulation
> cash is going to be pretty close to constant, if you can disregard
> inflation.
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