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Comment by kukx | Hacker News Reader

If anyone is in doubt that's the purpose of this endeavor here's a related fragment: "- Realizing the declaration of the world’s resources as being the common heritage of all people.

- Replacing money-based nationalistic economies with a resource-based world economy."

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There's never been an economy that wasn't resource-based. Money is just the medium by which prices and price movements are allowed to allocate those (scarce) resources in a market economy, and so far it has proven to be the most efficient way to achieve that.

Money is flawed but it doesn't have to be abolished. There are some good and old ideas like the IMF SDR. There is also the option to get to negative real interest rates to ensure people spend or invest their money.

Saving money without a corresponding debtor is the same as delaying the economy. During a recession everyone is delaying the economy.

That doesn't make any sense.

Are we going back to bartering with shiny rocks and physical goods?

It might make more sense if you read the site rather than random fragments quoted from it out of context. Fresco's idea of a "resource-based economy" is kind of vague to me but is definitely not a plan to move to a barter economy; instead it seems to be some kind of centrally-planned economy to mathematically optimize productivity using operations-research algorithms with democratically-decided production priorities.

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