Post
Topic
Board Economics
Re: Economic Totalitarianism
by
username18333
on 18/07/2015, 02:44:04 UTC
Quote from: Winston Churchill
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

A heterarchical currency enables every individual holder of the currency to draw against the balance of every other holder of it. In the case of the G.E. coin, an individual holder's inflation of the monetary base (effectively) draws capital from other holders in accordance with the magnitude of their GEC holdings, mitigating each holder's personal losses while, simultaneously, maximizing their provision. (Furthermore, it incentives one to minimize [perhaps, through destruction] its currency holdings.)