Is money infinite?

delta0 said:
If it was infinite it would be worthless.
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no one is saying that there exists infinite money just that money can grow infinitely, there is no theoretical limit to it

money itself is just a human construct to allow for the exchange of goods and services - it can be created and there is no limit to the amount that can be created
 
silversurfer said:
The limit is set by alternatives. COmpetetive business, if I can get more for less elsewhere I will
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you're not really making much sense - if there is a limit then how is it set? Say take the Zimbabwean dollar - how is there a limit there if the central bank can keep on creating new notes, including 100 trillion dollar notes etc... and printing as many of them as they want... they can just add more zeroes and print more, create new dollars that are equal to multiples of the old dollars - what limit do you envisage being set in that scenario?
 
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Do you not consider Zimbabwe an answer to what is the limit. Mugabee could carry on printing forever if the whole world took his money and kept it, the situation escalated because Zimbabwe is an isolated country

People just mined their diamonds and extracted worth directly, they never touched the money because it did not describe trade accurately.
Also gold was mined directly, the sellers gave bread and the workers provided gold from the ground. Again no money was needed to facilitate trade, it was bypassed.

Greece is not a vital country in its exports, the debt it reached set its own limit to their money. They exist from political bargaining but their debt is just a pawn not money easily traded.

what limit do you envisage being set in that scenario?
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The limit is obvious the paper becomes worth more then the money it describes.
They can just take zeroes off but this destroys all holders of the currency. So nobody wants to hold a trillion dollars, tomorrow it wont buy a penny chew and everyone needs to hold worth for some period

This scenario you hold is like juggling, its clever to hold more then a few things in the air. In the end its a burden and restriction, people fear losing everything thrown and held in this unstable virtual wealth.
They opt to hold gold or plain bread anything that will last more safely, everybody sleeps at some point. If they cant rely on solid value this is your limit, the money serves no purpose

Part of dollar worth now is that they are a superpower. They have political influence, the middle east oil is sold this way. If many things like this were not true they'd be faced in a constricted situation like Greece or similar where they cannot export enough to provide demand that backs the money and debt.
 
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silversurfer said:
Do you not consider Zimbabwe an answer to what is the limit.
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nope - tis an illustration that there isn't an limit - they've issued new dollars several times over

The limit is obvious the paper becomes worth more then the money it describes.
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that is flawed - you can always add another zero or redenominate... in the Zimbabwean example the paper probably was worth more but that didn't limit anything


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you're going off track we're not discussing the negative effects of hyperinflation just whether there is a limit - you've had one crack at defining one but it is flawed so I'll ask again - where is the limit - can you not see that there isn't one? With hyperinflation you can get to say 100 trillion dollars and then just say we're issuing new dollars and one new dollar = one hundred trillion old dollars... and you can let inflation carry on until you decide to remunerate again... and again... tis arbitrary when a politician decides it it ridiculous and stops...

you're claiming there is a limit yet you can't define it
 
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Money was created as a medium to exchange goods and services. Look up Hubbert's peak theory.
Money won't be of much use if there is no food or fresh water left.
 
Back in the 70s the US decided on a unilateral cancellation of the direct convertibility of the United States dollar to gold (Nixon shock). It set a precedence where the largest corporate super power, the US, could start printing as much money as it wanted. They needed something to buy with all this money, so their reliance on the petro-dollar export relationships to prop up this non-redeemable paper money value means that they, and any of their allies, are politically bound to perpetuate this false value lest the US, and then whole global economy collapse. Money is meant to be printed on the basis you can redeem it for the value it's worth in a set commodity, ie. gold, from the bank, otherwise the money is worthless in essence. What's happened is that money has lost a lot of it's intrinsic value, but the banks and governments keep pumping it into the system via. further bank loans (quantitative easing) to help keep the economy going.

It's basically a very clever game perpetuated by private organisations who run the banks in collusion with our governments, and soon every country will be IMF controlled, until then, you'll see the bombs dropping on the last few financially independent countries, or non petro-dollar oil exporters (but hey, it's all about terrorism, right?).
 
money is a representation of work or future work, the potential for work is finite but incredibly vast.

so no but its not an issue.
 
dowie said:
no
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how so?

all money is is a representation of the product of work.

remove work there is no more production, no more things or money.

money is simply a method of exchanging work, when the work done by one party is not relevant to the other.
 
I know there is a special pot, I read a book about it when I was young, that creates infinite porridge, but it needs to be treated carefully as it can get out of hand and take over a town. I assume there is a similar pot for moneys.
 
Caged said:
Hey ladies
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*Do you like how tiny it is? ;)
 
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