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Million 11 year s ago
except that houses and rents dont have the same value with 15 drinks to a bar
Except that factories and rents dont have the same value with 15 drinks to a bar
Except that factories and rents dont have the same value with 15 drinks to a bar
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crispy 11 year s ago
Idiotic simplification.
That Hotelier is out $100 of his pocket as he no longer has $100 owed to him by the hooker.
That Hotelier is out $100 of his pocket as he no longer has $100 owed to him by the hooker.
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kas 11 year s ago
you are sillY!!
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sinterklaas 11 year s ago
On the other hand, he has now payed his debt to the butcher. So he didn't lose or gained any money.
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JOHN 11 year s ago
All banking and credit system is based on fraud. Thanks God Ohio started gold bar system.
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Pieter 11 year s ago
No interests on the loans???
This is so wrong, the Germans rob the Greece blind.
This is so wrong, the Germans rob the Greece blind.
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aewww 11 year s ago
hahrhhraharhrhharhrahhhahhahehehhahehheahh. True Story:]
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Steve 11 year s ago
I think the point of the story is that the debt is imaginary like the money we throw around. So why not purge the books and reset the "counter' to zero. I don't know the reference but I recall that this was something done every 50 years in biblical times!
Except that factories and rents dont have the same value with 15 drinks to a bar
That Hotelier is out $100 of his pocket as he no longer has $100 owed to him by the hooker.
This is so wrong, the Germans rob the Greece blind.