Money Supply Under Competitive Note Issue

Note: the following comments are extracted from two email messages sent to me from Alan Newman regarding my post - “For the Love of Money”. Normally this would simply be a comment to the original article. In this instance however, I feel the extent of the comments and responses they merit justify a new separate post.

Alan: This may seem strange, but I find the links are a bit confusing. As I follow the look here link for more ideas on how to use the compliments, I found a reference ... which claims anyone can easily view the first compliment from you to RMS, but I can not now find a copy of that compliment to view from any of these links! I know this stuff is never easy to construct, but I'm just pointing out weaknesses I am experiencing with it (not as criticism, but more as a bug report).

Money is an invention.  Whereas vital increases of production via the division of labor (specialization) or per cooperative efforts (economy of scale) are simply observed consequences.  No money is necessary for neighbors to avoid a fatal failure by bartering wares or working together to easily accomplish an otherwise daunting task for just one person.  But as soon as the scope of interactions increase much, then either money, slavery, or both have been needed to further accelerate exhilarating productivity gains.

A magnificent mass of material is available that substantially covers the history and theory of this great invention - we consequently need not develop nor extend this work further.  Our objective instead is merely to look about and perceive the ramifications of well developed technologies as they relate to a new area of freedom to be ‘underwritten’ by liberated monetization.  The essence of this is, of course, liberation of mind (will/choice) - since nothing is monetized until you choose to perceive it as such (and use it as money).