| View single post by Joe Kelley | |||||||||||||
| Posted: Sat Sep 20th, 2008 03:15 pm |
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Joe Kelley
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http://mises.org/story/3060Services like PayPal can bring increased financial security to residents of countries where inflation is rampant. By having dollar-denominated accounts instead of accounts denominated in local currencies, individuals can reduce the annual percent inflation they suffer to the low single digits. With services such as e-gold and other commodity-denominated accounts, individuals no longer need to suffer inflation at all. They can, moreover, transfer money across borders without facing restrictions from their own governments. As Internet commerce develops, more individuals around the world will be able to work and exchange money online — bypassing the economic restrictions and regulations of some of the world's most oppressive governments. http://www.amazon.com/PayPal-Wars-Battles-Media-Planet/dp/0974670103 The reading can be summed up as connectivity. Connectivity can be viewed as a solid block of copper where each copper atom is a human being. If one atom wants to connect with one other atom the path of least resistance will be a straight line between the two atoms. If a third atom is threatened by that connectivity the third atom can try to block the transfer of power between the two atoms. The two atoms are then able to bypass the one dictator atom, by going around the one dictator atom within the solid block of copper atoms. The Dictator can then solicit help from more dictator atoms so as to block the new path between the two cooperating atoms. The cooperating atoms then find a new path around the greater number of dictator atoms. The way the dictator atoms can completely block the free transfer of power within the block is to completely sever the block in half, or blow up the block into tiny fragments, otherwise there will always be a connection between free copper atoms. Last edited on Sat Sep 20th, 2008 03:17 pm by Joe Kelley |
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