tag:blogger.com,1999:blog-5363346176357438290.post263898381930120306..comments2024-02-12T04:13:45.144-07:00Comments on Frugal For Life: The Poetry of Modern Global EconomicsMoney Crashershttp://www.blogger.com/profile/01458978398655534075noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5363346176357438290.post-55739844678564527672010-05-04T06:31:00.705-06:002010-05-04T06:31:00.705-06:00it is great article thanksit is great article thanksicra ihalelerihttp://www.icraturk.comnoreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-71430980790923599352010-05-03T17:21:47.161-06:002010-05-03T17:21:47.161-06:00To me it seemed like someone was getting gipped an...To me it seemed like someone was getting gipped and the motel owner seemed to be the prime suspect. <br />I hadn't even thought about the interest - good point!Dawnhttps://www.blogger.com/profile/02508567091434947464noreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-25409777277176062092010-05-03T15:12:29.345-06:002010-05-03T15:12:29.345-06:00If the hotel owner was owed the 100pounds and was ...If the hotel owner was owed the 100pounds and was given the money by the prostitute, he should have banked it. In the end he is out the money since he couldn't deposit it or improve his financial situation with it. Ultimately, the money has to come from somewhere to reduce everyone's debts.HollisKChttps://www.blogger.com/profile/16342887095741031714noreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-2333814202821459292010-05-03T11:18:19.542-06:002010-05-03T11:18:19.542-06:00One of the main flaws that I see is that there is ...One of the main flaws that I see is that there is no interest inflating the debts, nor are there taxes decreasing the original 100. <br />StaceyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-8176625559040226332010-05-03T06:30:37.001-06:002010-05-03T06:30:37.001-06:00This looks like a variation on the fractional rese...This looks like a variation on the fractional reserve system of banking taught in intro econ classes. Except in this case things are done in reverse and no one holds any reserves. Instead of lending the money like a bank, they are paying back the debts.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-40538142053783006452010-05-02T19:12:09.290-06:002010-05-02T19:12:09.290-06:00I couldn't find any flaws but Peanut pointed o...I couldn't find any flaws but Peanut pointed out that technically every time the money changed hands it should have been taxed, so ultimately it would wind up being less than £100 by the time the traveller gets it back.Little Miss Moneybagshttps://www.blogger.com/profile/15247616592623546010noreply@blogger.com