I'd rather pay for my space latte with ...
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- What's the highest dollar price will Bitcoin reach in 2024? Posted on March 20th, 2024 | 68 comments
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Re:Should be "gold pressed latinum" (Score:5, Insightful)
"Latinum" as short for "gold pressed latinum" is acceptible. As in the Fortieth Rule of Acquisition: "She can touch your lobes but never your latinum".
Cubits (Score:3, Insightful)
Because Battlestar Galactica 2003 is the best sci-fi, and possibly the best TV show of all time.
Re:Multipass! (Score:4, Insightful)
How is Multipass [youtube.com] not an option?
Why would it be? A multipass is a piece of ID, not a credit/debit card.
Re:Latinum of course (Score:4, Insightful)
Adjust your expectations to fit your reality and you'll be much happier than those who always want more.
Re:Latinum of course (Score:2, Insightful)
Yes, why work when others can work for you? I do believe in help for the truly disabled however.
Re:Latinum of course (Score:5, Insightful)
http://en.memory-alpha.org/wiki/Farius_Prime [memory-alpha.org]
http://en.memory-alpha.org/wiki/Demilitarized_Zone [memory-alpha.org]
Re:Latinum of course (Score:4, Insightful)
Usury (lending with interest) isn't the best example since the interest is more than an economic rent - as you say, it is a consideration for the risk, and credit funding is critical for regular business operations in our economy.
However, there are many forms of true economic rents, which do constitute money earned for no (productive) work. To name a few, there are monopoly rents, copyright and patent trolling, corruption (e.g. bribes, lobbying), inappropriate subsidies, etc.
Going to back to banks and lending, harmful rents are extracted by bank officers who engage in looting, the practice of knowingly making bad, high-interest loans to meet short term profit goals while ultimately ensuring losses because of the inevitable defaults. This practice is unfortunately commonplace in the modern banking sector and has played a major role in multiple financial crises.