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Comment count is 13
joelkazoo - 2011-01-01

That's a great idea!

Corporate God King - 2011-01-01

Sorry I fucked up the title. Is there any way to edit while they're still in the hopper?

godot - 2011-01-01

You can edit all but the video link URL thereafter, even now. I've submitted (many things) under the influence, too.

SteamPoweredKleenex - 2011-01-01

The "type it back in" seems like a probable concept. I know several people who work in business and official capacities who are kind of gatekeepers for data entry that has no other paper trail. They could create identities (or parts of them), payments, etc. at whim. I wonder how much "reality" could be created if people like them just put their minds to it.

Tom Collins - 2011-01-01

Ladies and Gentlemen, Bernie Maddof.

You have no idea how money laundering works, do you?

SteamPoweredKleenex - 2011-01-01

Yes, I do. The point was not to generate illicit wealth, but to erect an economic facade as a thought experiment.

And in a way, this is happening all the time when misspellings get entered into databases or someone commits identity theft and the entity that has the money stolen refuses to acknowledge that the theft wasn't by the person whose name they have.

In closing, cut down on the assumptions; you'll look less a fool.

Tom Collins - 2011-03-03

There is a guy that balances this stuff up, you know. Otherwise money becomes meaningless and then HYPERINFLATION.

cognitivedissonance - 2011-01-01

I love this man and want to molest his weird parakeet nose.

GravidWithHate - 2011-01-01

Isn't that called "Quantitative easing"?

(Typing the numbers back in. I know it's a gross oversimplification, but that seems to be the idea.)

godot - 2011-01-01

Buying T's from bank so they can goose the equity markets for a few months and pay 2010 bonuses. Works great till the dollar depreciation works it way back to consumers.

godot - 2011-01-01

I'm not even particularly opposed to QE.

A Fed chair with a deadlocked Congress that refuses their part in the Keynesian dance has to make up for their partner's lethargy. But Gov spending comes as hires, Fed spending as "wealth effect" luxury spending.

We could be spending our stimulus on things we most definitely WILL need in a decade (nuclear/electric powered high speed rail corridors are my top candidate). Instead we got some fur coats and unemployment checks.

Sorry. Mainstream econ just pisses me off.

godot - 2011-01-01

God if were only so easy. We've been running on ledger entries for 700 years.

Kumquatxop - 2011-01-02

I would watch that show

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