[p2p-research] big does not necessarily innovate: the current VC model is broken

Ryan Lanham rlanham1963 at gmail.com
Sat Nov 7 14:51:34 CET 2009

Hi Paul,

Send me all those imaginary dollars you like.  They spend fine for me.
Money is what people take for goods and services.  Nothing more, nothing


On Sat, Nov 7, 2009 at 12:48 AM, Paul D. Fernhout <
pdfernhout at kurtz-fernhout.com> wrote:

> Ryan-
> As I said in another reply, mainstream economics is confused about basic
> words like wealth and capital because it adds imaginary things (fiat
> dollars) and real things (houses, cement mixers, land).
> To make progress on understanding this situation, somehow we have to
> disentangle theses issues of control system (like by fiat dollar ration
> units) and physical reality.
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