http://www.metafilter.com/tags/subpprime Posts tagged with 'subpprime' at MetaFilter. Thu, 17 Jan 2008 00:30:40 -0800 Thu, 17 Jan 2008 00:30:40 -0800 en-us http://blogs.law.harvard.edu/tech/rss 60 http://www.metafilter.com/68251/To%2Dredeem%2Dthe%2Ddemand%2Dtickets%2Dthey%2Dhave%2Dwritten%2Dthe%2Dbalancers%2Dmust%2Din%2Dturn%2Dsell%2Ddragonslayer%2Dtickets <blockquote>Nitroeconomics (if you want to sound more scientific you can call it synthetic economics) is different. It is set in the virtual world of Nitropia, which doesn't exist but easily could.... We can use nitroeconomics to understand real situations in the real world, such as the subprime crisis, with a simple three-step process.... The first cool thing about Nitropia is that it has no financial system at all. Unlike other, inferior virtual economies, it does not distinguish between "money" and other virtual objects. A monetary token in Nitropia is an object like any other - a magic sword, an inflatable penis, or whatever. A player in Nitropia who has a lot of money just owns a lot of these tokens. There is no special, separate "bank balance."</blockquote> <a href="http://unqualified-reservations.blogspot.com/2008/01/straightforward-explanation-of-present.html">A[n Austrian-school] straightforward explanation of the present financial crisis (part 1)</a> (Posting a link does not necessarily endorsement or derision of the content of that link.) tag:metafilter.com,2008:site.68251 Thu, 17 Jan 2008 00:30:40 -0800 Austrian-school crisis economics subpprime toy orthogonality