Bookkeeping Mistakes. - The Hidden Currency of Banking - Time Symmetric Money - Inflation from Random Transfer - Wealth Concentration
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1 ookkeeping Mistakes - The Hidden urrency of anking - Time Symmetric Money - Inflation from Random Transfer - Wealth oncentration Dieter raun
2 The Hidden urrency of anking: Why Interest is a ookkeeping Mistake
3 Social Networks of Money H G D
4 Social Networks of Money H G D Transfer of Goods
5 Social Networks of Money 2 H 3$ $ G D Transfer of Money
6 Social Networks of Money are memorized by ookkeeping 2 H H 3$ D D 4$ G G
7 Debt Relations
8 Debt Relations
9 Debt Relations
10 Debt Relations
11 Debt Relations with ank ank ank
12 Debt Relations with ank ank ank ank
13 Debt Relations with ank ank ank ank ank ank
14 Debt Relations with ank ank ank ank ank ank ank ank
15 Deposits : redits = : ank ank ank ank ank ank ank
16 Deposits : redits = :2 ank 2 2 ank ank 2 2 ank ank 2 2 ank ank 2 2
17 Deposits : redits = :2 ank 2 ank 2 Deposit ountry redit ountry 2 ank 2 ank 2 2 ank Deposit urrency redit urrency
18 onclusions anks define two currencies: Deposits and redits with free floating exchange rate.
19 Deposits and redits ank ank
20 Deposits and redits ank ank ank ank ank
21 Debt Relations with ank ank ank ank ank ank ank INTEREST Deposit: 00%/Δt redit: 200%/Δt
22 Debt Relations with ank ank ank ank ank ank 2 2 ank ank INTEREST Deposit: 00%/Δt redit: 200%/Δt ank
23 ank ank ank Deposits : redits = : ank ank 2 2 ank ank ank 2 ank 3 Interest 2
24 ank ank ank Deposits : redits = : => 2:3 ank ank ank ank ank 2 2 ank 3 3 Interest 2
25 Interest is Differential Inflation ank ank INTEREST Deposit: 00%/Δt redit: 200%/Δt Deposit ountry 2 2 ank % Inflation Interest: redit ountry 200% Inflation
26 onclusions anks define two currencies: Deposits and redits with free floating exchange rate. Interest is compensated by a rate change. => anks cannot profit from interest.
27 Time Symmetric Money redit without Money reation or Interest
28 Quantity of Money proportional to Number of Persons
29 Money reation with irth Termination with Death Quantity of Money proportional to Number of Persons
30 Money reation with irth Termination with Death State No Transfer of Wealth State 3 3
31 Money reation with irth Termination with Death State efore: Deposit ountry 2 2 ank 3 3 redit ountry State State Now: Entangled urrency
32 Transfer by giving Deposits State
33 Transfer by giving Deposits State
34 Transfer by giving Deposits State 9 9
35 Transfer by giving Deposits State 9 9
36 Transfer by receiving redits State 9 9
37 Two-fold hoice in Transactions Transfer money from to : Give deposits Receive credits
38 Two-fold hoice in Transactions Transfer money from to : Give deposits Receive credits Transfer of liquidity: redit Give deposits and credits
39 Two-fold hoice in Transactions Transfer money from to : Give deposits Receive credits Transfer of liquidity: redit Give deposits and credits Less trust towards 0.9.
40 Two-fold hoice in Transactions Transfer money from to : Give deposits Transfer of liquidity: redit Give deposits and credits Less trust towards Receive credits 0.9. Trade over Time: later: 2 0.5
41 Money and redit Value pricing Now and in the Future Valuable Goods heap Goods
42 Money and redit Value pricing Now and in the Future Valuable Goods Valuable Future Goods heap Future heap Goods
43 Money and redit Value pricing Now and in the Future Inflation High Interest Valuable Goods Valuable Future Goods heap Future Goods heap Goods Low Interest Inflation
44 Reasons to Shift the Exchange Rate from Deposits:redits = : to: 2:2 Valuable Goods Valuable heap 0.5:2 Future Future 2:0.5 Goods Goods heap Goods 0.5:0.5
45 Reasons to Shift the Exchange Rate from Deposits:redits = : to: 2:2 Valuable Goods Valuable heap 0.5:2 Future Future 2:0.5 Goods Goods Deposits value Past Goods redits value Future Goods heap Goods 0.5:0.5
46 onclusions anks define two currencies: Deposits and redits with free floating exchange rate. Interest is compensated by a rate change. => anks cannot profit from interest. Time Symmetric Money is possible: redit without reation or Interest.
47 Inflation by Randomness in Money Transfer
48 Random Economy Random Transfers Δp Δp D Δp Δp Δp Δp H G Δp Physica 32: (2003)
49 Random Economy Random Transfers Δp Δp D Δp Δp Δp Δp H G Δp Physica 32: (2003)
50 Stochastic Inflation Random Transfers Δp Δp D Δp Δp Δp Δp H G Δp Inflational Overflow Physica 32: (2003)
51 Stochastic Inflation stops with Taxation Random Transfers Δp Δp Δp D Δp Δp Δp H G Δp Physica 32: (2003) Parabolic Potential Negative = Interest
52 Taxation determines Wealth Distribution Physica 32: (2003) Economic oltzmann np () exp Up () D
53 onclusions anks define two currencies: Deposits and redits with free floating exchange rate. Interest is compensated by a rate change. => anks cannot profit from interest. Time Symmetric Money is possible: redit without reation or Interest. ny Randomness in an Economy triggers Inflation in a reditary Money System.
54 Wealth ccumulation by Motivation and Interest
55 Random Economy + Interest Physica 369, (2006)
56 Random Economy + Interest Physica 369, (2006)
57 Random Economy + Interest more Work less Physica 369, (2006)
58 Random Economy + Interest Physica 369, (2006)
59 Random Economy + Interest Physica 369, (2006)
60 Random Economy + Interest τ 530% 50% = r Physica 369, (2006)
61 onclusions anks define two currencies: Deposits and redits with free floating exchange rate. Interest is compensated by a rate change. => anks cannot profit from interest. Time Symmetric Money is possible: redit without reation or Interest. ny Randomness in an Economy triggers Inflation in a reditary Money System. Randomized Economies under positive Interest trigger catastrophic wealth accumulation.
62 Feynman Graphs of ookkeeping reation Transfer... reation Transfers... Liab time Liab. ank ank time... Transfer......Transfers... D time ank ank time...termination Transfer D time...termination Transfers ank ank time
63 Noether Theorem of Monetary Systems Momentum onservation Symmetry of Space p... - onservation t Symmetry of Persons urrent onservation harge Symmetry p t / Pairing onservation Symmetry of urrency Energy onservation Symmetry of Time p t + onservation Symmetry of Time
64 onclusions anks define two currencies: Deposits and redits with free floating exchange rate. Interest is compensated by a rate change. => anks cannot profit from interest. Time Symmetric Money is possible: redit without reation or Interest. ny Randomness in an Economy triggers Inflation in a reditary Money System. Randomized Economies under positive Interest trigger catastrophic wealth accumulation.
65 Thanks to: Robert Fischer, enjamin Franksen Ernst Dorfner and Stephen Zarlenga
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