Larry, Passive BIBO is a specification for stable money however it is implemented with or without credit cards. The historic "depressions" you talk about...
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Larry x
ll-3@...
Aug 19, 2012 3:02 pm
BIBO looks to be like a 0% interest credit card system. Liquidity upon demand based on credit worthiness and collateral. It is a zero sum game as all money is...
A way to understand what I am saying is to realise that if and only if money is an object of value and scarce can charging for its use be justified, but what...
Hi Larry, ... No, what I am saying is that from a functional perspective money does not circulate it is simply added and subtracted as a function of the...
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Larry x
ll-3@...
Aug 15, 2012 12:41 am
Hello Marc, I used defined money aggregates as listed and monitored by the Federal Reserve "MONEY STOCK MEASURES" (Table H.6) -...
Hi Larry, Let me get some definitions correct. The term liquidity is used in many ways, I am using it strictly to mean the division of value as in the latin...
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Larry x
ll-3@...
Aug 12, 2012 2:00 pm
Marc, I do think that some amount of cash and coins are required to make the economy work for all. If cash and coins were eliminated, then only those with...
... Or it is evidence that the people don't understand what money really is. ... Money is made to appear to be scarce because the people don't understand what...
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Larry x
ll-3@...
Aug 10, 2012 7:13 pm
Marc wrote: "No need to eliminate cash it is a valid medium for conveying account subtractions and additions. The point of the article, is to illustrate that...
... What I meant to convey is that any cash transaction can be substituted by non cash transactions because they are interchangeable. Cash does provide...
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Larry x
ll-3@...
Aug 10, 2012 6:37 pm
Marc wrote: "All cash transactions can be realised without cash by simply making the corresponding account entries." If the transaction involves credit or...
Hi Larry, ... I am saying that money is a record of value whatever the physical support used and irrespective of whether or not that support circulates or not,...
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Larry x
ll-3@...
Aug 10, 2012 3:55 pm
Hi Marc, You make an interesting case and as usual, you always support your ideas with math. I won't debate the math but I think you are missing some other...
Here is a more complete debunking of "money is a circulating thing". http://www.bibocurrency.org/English/SimplePassiveBIBOLiquidityMessageV2.0.htm Marc...
... It is not a question of better or worse and as far as I know, economists don't use Z transforms but engineers do all the time. The issue is which model...
... Don't know I don't have the UNILETS spec. If it is just BIBO then individual transactions may be bounded but a continuum of n transactions may render the...
Stable systems cannot produce unstable outputs. Jct: So is a UNILETS Timebank stable according to BIBO standards and if it is.... John C. "The Banking Systems...
 your analysis uses Laplace ASSUMING the compound (exponential) case of interest only and therefore says nothing about simple (linear) interest case. Jct: ...
... Passive BIBO does not require the government or a casino cage. Money is not a "thing" nor does it "circulate" it is a mere a record of value in a...
I'm assuming in the above scenarios that any solution will include interest free loans. 1) Try to mitigate the imbalance as best as possible with debt free...
Could you please define your variables, it looks like i = interest but what is "s"? Thanks, Jct: s is the Laplace operator. it's not a variable. 1/s is the...
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Larry x
ll-3@...
Aug 6, 2012 7:37 pm
Interesting exchange - hope you don't mind my butting in to ask a question: We know that the existing system is imbalanced as there is much more debt (P+I)...
ours identifies simple interest as unstable yours doesn't, Jct: Evidently, you know as little of Laplace Transforms as I know of Z Transforms. 1/(s-i) is...
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Larry x
ll-3@...
Aug 6, 2012 7:14 pm
Jct: No I have not failed to appreciate that the solution to the 1/(s-i) problem is 1/s. Could you please define your variables, it looks like i = interest but...
... You confuse balancing an equation with stability, they are not equivalent and the result cannot be the same ever. For example, compensating for lack...
... Yes of course stability is stability, why would you think I would say otherwise. But stability is not a specification it is a requirement that a...
