You’d get hyper-inflation. It might work if it was a loan, though that you had to pay back with interest. Then it would grow the economy big time!
But you would get a lot of people in debt, but it still might work though since credit would be so easy. People with really novel business ideas would get financial backing and venture capital and things like that. Crazy things would happen, big positive feedback loops of innovation.
I guess I was thinking of it more metaphorically or symbolically. Have been thinking a lot too about downloading physical objects from the internet. But it’s all sort of a warm gooey mush at this point, so off to bed!
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You’d get hyper-inflation. It might work if it was a loan, though that you had to pay back with interest. Then it would grow the economy big time!
But you would get a lot of people in debt, but it still might work though since credit would be so easy. People with really novel business ideas would get financial backing and venture capital and things like that. Crazy things would happen, big positive feedback loops of innovation.
I guess I was thinking of it more metaphorically or symbolically. Have been thinking a lot too about downloading physical objects from the internet. But it’s all sort of a warm gooey mush at this point, so off to bed!
http://www.youtube.com/watch?v=xHSD0tR2IOU