The value of fiat currency Sunday, Mar 30 2008 

So as promised I finished reading Making Money by Terry Pratchett which was yet another Discworld book and the second Moist von Lipwig story after Going Postal. As you might imagine from the title the premise is that Moist is now taking over the bank and mint and he decides to eliminate the gold standard and introduce paper currency. Chaos ensues.

I didn’t find this book as amusing as Going Postal and I think this is because the bank characters were not as interesting as the post office characters. Or perhaps it’s because “Adorable Dearheart” was not as prominent in this book? There was a large subplot having to do with golems and I thought that got botched. I think that this book had a lot to say about society and indeed the matter of fiat currency was something that was on my mind since I had recently, well, found out how it works. Sort of. Basically the thing is that money has value just because it’s valued. The value isn’t necessarily tied down to something. In theory it’s tied down to something, but in reality it’s never tied down to anything but the institution. In other words money doesn’t really exist.

That’s crazy right? Yes, but that doesn’t mean it’s a bad idea. I think that materialism is a problem, I wouldn’t say a sin but at least a demerit, but having some sort of standard just helps things to run. Especially in what has turned into a non-production based and wealthless unskilled labor society. By that I mean for instance a clerk (store or office) who can do their job but isn’t necessarily able to create anything or do anything and doesn’t have anything of tangible value like a cow or transient value like gems and metals. So how would a person like that get a house without money? Yes in truth money is what has let society get to this point. Actually it’s more like the world revolves around credit and money was originally a part of that but one thing at a time. Anyway what I’m trying to say is that money just is so use it, don’t worry about it not having value, or in some cases having too much value, as long your country exists (which is something you might worry about) your money will work. And unless you’re in some kind of questionable business you only need the money that works in your own country.

So saying I somewhat wonder whether or not there will be a discworld novel about something directly comparable to oil etc. but I suppose that was touched on somewhat in The Fifth Elephant with… fat….. hmm… Anyway the book (making money that is) was fine, I enjoyed it moderately. I wouldn’t recommend reading it before going postal though. And apparently the next “main-line” discworld novel will also feature Moist and be about taxes. This was hinted at in the end just as the banking angle was hinted at in going postal but then it was stated otherwise anyway. I suppose this is somewhat of a spoiler but you know… it’s Discworld. That’s all I can say. By the way this is apparently the 22nd book I’ve read this year (I don’t mention them all here). I wonder if I could make it to 100 after hitting 50 last year. There are probably other things I should be doing though.

{ 7/14/2008 Just a small update, the end of this entry ended out being somewhat prophetic as I have only read a handful more books by this point but I did indeed do something better by starting in with math lessons. What the goal of this is at this point in my life I don’t know, it just seemed to me like it was a great deficiency of mine and I didn’t have anything better that I was likely to do or be able to achieve than learn math. By the way this was a pretty shitty review after all that rambling about fiat currency. But there really isn’t a lot to say about Discworld that it doesn’t say itself, I find the books amusing and sometimes possessing remarkably insightful social commentary}

You always get more attention when writing about sex Tuesday, Mar 25 2008 

There are a lot of perverts out there after all.

Well it occurred to me recently while watching professional sports that even though inflation is theoretically caused by the scarcity of goods, I’m pretty sure that at this point and perhaps for the last 50 years it’s been at least highly influenced by the varying entertainment industries. Entertainment is something that no one hesitates to put a price on, like for instance £13.29 for the newest Terry Pratchett Discworld book in hardcover on amazon.co.uk, however it’s something that is very hard to place a value on. So of course that means that as much money as will be likely paid will be charged for it. Interestingly enough illegal means of entertainment are not necessarily more expensive than legitimate ones, and perhaps they are actually cheaper. You’d think that the risk factor would drive up the price but instead it becomes almost the sole pricing factor in a lot of circumstances. After all, no one is paying taxes, no one is likely paying anything except the consumer. But that as well is another story. More amusingly is that illegal or simply free entertainment actually tends to drive up the costs of legitimate paid entertainment. That’s definitely inflation right there. What a world we live in hey? We can’t even blame god for inflation either. I’d like to see someone try though.

Well I could be totally wrong about inflation being driven up by entertainment, but I’m probably not. The thing about inflation though, is that it really doesn’t even matter in the end. Once the costs of enough things go up the cost of everything else goes up with it and we end out right back where we started. The only people that inflation is a major headache for are people with a lot of money because now the money they made off of things that were worth less isn’t worth as much. Actually I suppose that you could be inflated off of a pension too if you lived on it for long enough. viva inflation huh?

The value is 70 Saturday, Feb 16 2008 

People mumble about the economy and the job market but the simple truth of the matter is that people have progressively been obsoleting others and themselves for decades ever since the advent of the computer. Is this a good time to mention that I do not trust various scientific attempts like true artificial intelligence?

Anyway, when a machine can tell you if something tastes good or not, it’s only a matter of time until machines tell you everything. Ah actually isn’t it already that time? I mean what are you doing right now? So machines already tell us everything (you probably didn’t know this but at the least they are telling us whether our water is supposedly safe to drink or not and probably have been for 20 years), I guess what really is only a matter of time would be when we are all ourselves machines (there must be some portion of people that are mechanical if not necessarily computerized already).

That reminds me of a severely autistic girl I knew who was a big “transhumanism” advocate. As a foot note while I don’t imagine that everyone with Asperger syndrome is a transhumanist, or that vice-versa everyone that’s enthusiastic about transhumanism has some aspect like that, this person certainly knew quite a few who were. Personally I think that it would be better for humans to disappear than to only be able to live on as cyborgs. But at the same time if someone offered me a new body on my deathbed I’d probably take it.

Because you know, it’s not really that humans want to live forever. It’s just that they don’t want to disappear.

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