"What a great site! I'm impressed by the great stuff you've pulled together. It merely confirms my long-held belief that economics CAN be interesting....
All the best"-
Charlie Wheelan,
aka The Naked Economist
Yap is where stone is money. We will celebrate Yap with bagels on March 1, which is Yap Day.
6 comments:
Anonymous
said...
You know what i respect this holliday, because the Yap is the greatest way to have currency. It's easy to move only 500lbs per stone. Portible (with a small team of oxin) and very easy to guard. Honeslty who is going to steal a huge stone and get away with it. I thnk in america we should have a holliday where we bring are cars in as money.... This would really work.
i think our country should copy the yap people because were getting fat, and dragging around huge stones might be the answer to our obiesty problems? it could work
so on the site that the link is given too there is a section about restaurants, all of the restaurants have phone numbers and some even have email addresses. so they have computers that they most likely bought from another country, and while most countries trade regardless of currency. who’s trading computers for stone? And who’s going to these restaurants rolling in big wheels of stone to buy their dinner? weird.
Well this type of currency does not really characterize itself with all the functions money is supposed to have. I dont think it would be easy to transport it and also it would be hard to tell different values of it, and how would you store a big quantity of yan? One would probably would need to build a separate house just to store your money.
The problem I have with this currency is that is is not uniform. It would be easy to counterfeit. If any village member got a chisel, he could create his own money and the system would fall apart. This is also what I don't get about prosper.com. If individuals loan money with interest like a bank, what is to prevent them from loaning out money that is loaned to them? If this website allows individuals to create money like a bank does, couldn't this lead to inflation that the government would have no control over?
though it was somewhat disappointing to find out the stone money is only used for cerimonial puchases it does show that even this small island has had to expand to different currance allowing them to participate in other markets around the world this change would also help out their tourism as far as money exchange goes sure stone money sounds cool and all but when your on vacation do you really want to be lugging it around with you on the beach or to the market though the stones make pick pocketing difficult which would make you feel more at ease about security
6 comments:
You know what i respect this holliday, because the Yap is the greatest way to have currency. It's easy to move only 500lbs per stone. Portible (with a small team of oxin) and very easy to guard. Honeslty who is going to steal a huge stone and get away with it. I thnk in america we should have a holliday where we bring are cars in as money.... This would really work.
i think our country should copy the yap people because were getting fat, and dragging around huge stones might be the answer to our obiesty problems? it could work
so on the site that the link is given too there is a section about restaurants, all of the restaurants have phone numbers and some even have email addresses. so they have computers that they most likely bought from another country, and while most countries trade regardless of currency. who’s trading computers for stone? And who’s going to these restaurants rolling in big wheels of stone to buy their dinner? weird.
Well this type of currency does not really characterize itself with all the functions money is supposed to have. I dont think it would be easy to transport it and also it would be hard to tell different values of it, and how would you store a big quantity of yan? One would probably would need to build a separate house just to store your money.
The problem I have with this currency is that is is not uniform. It would be easy to counterfeit. If any village member got a chisel, he could create his own money and the system would fall apart. This is also what I don't get about prosper.com. If individuals loan money with interest like a bank, what is to prevent them from loaning out money that is loaned to them? If this website allows individuals to create money like a bank does, couldn't this lead to inflation that the government would have no control over?
though it was somewhat disappointing to find out the stone money is only used for cerimonial puchases it does show that even this small island has had to expand to different currance allowing them to participate in other markets around the world this change would also help out their tourism as far as money exchange goes sure stone money sounds cool and all but when your on vacation do you really want to be lugging it around with you on the beach or to the market though the stones make pick pocketing difficult which would make you feel more at ease about security
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