What are the externalities of money?
Conversation
Easier to reason about the externalities of contracts, which suppress all that can't be specified ahead of time or enforced—fluid arrangements, explorations, etc. Money and contracts are compliments.
1
Replying to
Individuals/groups neglecting non-monetary payoffs of a given activity because they are focused on money.
7
Replying to
Loneliness and ... impairment of choice/outcomes. Changes the order of otherwise natural/inner driven decision making.
2
Replying to
If property is theft and money is a proxy for barter then what is interest? Indentured labor?
OTOH: if we eliminate money's externalities what stops us from working ourselves into the grave?
Replying to
The ultimate externality of money is that everything that's non-measurable/convertible into financial metrics is an externality. Money is eating its own externalities.
6
Replying to
Global Speculation pricing necessities of life out of reach of local inhabitants. E.g.SF housing
1









