ECON: What Jim Legg doesn't understand

From: Eric Watt Forste (arkuat@pobox.com)
Date: Fri Jan 31 1997 - 13:02:49 MST


What Jim Legg doesn't understand is that money is a communications
medium. And it's a far more *honest* communications medium than
talk. If the human population of Gaia functions like a big brain
(and I don't think it does: people are not neurons), *most* of the
computational information flow is in the price signals. If you
destroy that, then you can kiss your Overmind goodbye.

Goddamn constructivist-rationalists are always running around
thinking that individual cells should decide how a metazoan's body
is to be run.

--
Eric Watt Forste ++ arkuat@pobox.com ++ http://www.pobox.com/~arkuat/ 


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