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The creation of wealth

The creation of wealth
Aidan Ward - Mon May 25, 2009 @ 09:18AM
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Let's keep the creation of wealth as a bit of a mystery for now. What we know is that when people get together to meet each other's needs in a mutual way, a surplus is generated and the system comes to raise the living standards of everyone in it.

There are two directions I want to go from there. The first is that if we want to use money to facilitate the exchanges involved, there is no reason for such a body of people not to create the exact amount of money they need to do so, and this costs essentially nothing.

The second is that as the system gets larger, each person needs to be able to tell what to create for others that is particularly valuable or a particularly good use of their talents. This is simply an information system that transmits how much value people are finding in products and services. Money and prices play this role but are not necessary to it.

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