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you are abolishing any single element of basic economics.

That money in the bank is money the bank does lend to someone who needs money to create wealth. Economy needs credit.

And comparative advantage doesn't create trade any more than gravity creates rivers. Yes, it is a necessary precondition, but in real life, without money there is only very very limited trade actually happening.

Money is the abstraction of wealth and value, and a great facilitator for every kind of economics.

Denying money's existence or value is a sure sign of crackpot economics.

by cris0 on Tue Feb 14th, 2012 at 06:21:21 PM EST
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