God and Money

A discussion of God and Money

Copy of posting to Amazon's politics community and forum's discussion of God and Money on 14 August 2007:

The philosophy and science, even the 'philosophy of science' and 'science of nature's origins and possible meanings' that occupy the thoughts of contributors to this discussion, have strayed from its central theme: the theme was "BEHAVING, for fear of God, and the love of money, IF we know 'WHAT'S GOOD FOR US'."

'What's good for us', according to God, is to OBEY THE GOLDEN RULE.

'What's good for us', according to the fundamental rule of thumb -- announced by the 'principle of money' -- is the wisdom we embarked on this discussion to find. I will venture a guess:

"One man's spending empowers the spending of his opposite number."

If I am right, you do yourself harm by beggaring your neighbor.

My own theory of money that calls for spending that circulates government's promises (fiat central bank notes -- otherwise known as money) to grow the economy until it fits into a world with ALL the money it keeps adding to aggregate PRIVATE SAVINGS -- rests on the above rule of thumb (the one on 'spend to spend' -- imitative of tennis where your hit enables his hit back to you).

My money theory requires aggregate private savings to be protected by government from inflation -- the same way it protects Treasury Inflation Protected Bonds.

All of the above on money is buried in the economic literature in books (and reflected on the WW Web). Unfortunately, too much of it is predicated on the opposite theory that 'price mechanisms' are sufficient to tell you 'what's good for you', even what to do next.

This theory, sharpened by Hayek and Von Mises, is the current root of all evil. It removes the obligation on your part to keep me spending enough to satisfy the joint need of the two of us.

And it introduces 'mathematically oriented notation' to the literature to confound any decent economist until he head is spoiled rotten. The fight to keep us alive is being waged as we discuss these matters by Post Autistic Economics, a school of economic thought that needs the support of every American, Frenchman (PAE was born in France), and all their allies in the rest of the world.

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