| From: | Dave The Shade <IZZYUX2@*******.BITNET> |
|---|---|
| Subject: | World pop & scrip |
| Date: | Thu, 9 Sep 1993 23:52:00 PDT |
70% of what it is today. VITAS only killed 35% of the world population - 20%
in modern industrial countries nearly 55% in undeveloped countries. Plus
various associated catastrphes. But remember, this was in the future when
populations had grown bigger, and since then population has also grown.
Scrip: The reasons corps don't want people outside the company using scrip is
due to oversight and control problems. Nonemployees can buy and sell things
(things not even made by that corp) with good corp scrip. You think that a
bartender or merchant isn't going to accept Ares AAA for an Aztechnology or
Natural Vat product - of course he will. Ares AAA is hard currency good any-
where because its backed by Ares Macrotechnology.
Second, all those of you who believe that because their is only a certain
amount of scrip, so it doesn't matter who has it because it will eventually
get back to the corp are wrong. As an economist, I can tell you that its not
just the physical amount of scrip in circulation - but also the "Velocity"
of Transactions (i.e. how many times the money changes hands during transaction
s). Today, in the U.S. there are only 1 trillion dollars worth of currency, but
we have a 6 trillion dollar economy. That means that the average dollar bill
will change hands about 5-6 times a year. Same for scrip. A employee gets his
car painted at a local body shop (noncorp affiliated) and pays in scrip. Then
the bodyman takes the scrip and buys a used BMW motorcycle from a dealer, who
then goes out and spends it gambling and drinking, then the mafia launders it
and buys AstroDyne stock with it. The broker then takes the scrip and buys a
corp product. But the scrip has changed hands 5 times already. And if each of
those people bought a corp product from an unaffiliated dealer then each of
them would get the 33% discount.
David A./KHANx
Dept. of Economics, UCLA
In California, no less
