Yana Gogo : gogo.tattoo/gogo/design/money_girl

in #tattoo4 years ago

Money girl

Today is Free Money Day.

Free Money Day is an annual, global event held since 2011 as a social experiment and to promote sharing and alternative economic ideas.

The day is held annually on September 15, the anniversary of the Lehman Brothers' 2008 filing for bankruptcy. Participants offer their own money to passing strangers at public places, two coins or notes at a time. Recipients are asked to pass on one of the notes or coins to someone else. 68 events were held in 2011.On one past Free Money Day, according to the official website, 138 Free Money Day events were held in 24 countries. In 2012, it was planned to give $3,500 in cash to strangers globally. The money is given without obligation; it is hoped that the event and the transactions will stimulate conversations about the role of money in society, increase awareness about debt and make people think about their "relationship with money". People invented their own methods to give away money. Coffee shop and video rental owners did not charge people for their services and asked them to give the amount to a stranger. In one case a person left a ₤10 note on a toilet seat and tweeted that "it would be the happiest bathroom visit someone will ever have".

The event is initiated/organized by the Post Growth Institute and the global coordinator is Donnie Maclurcan, a co-founder of the Post Growth Institute. In describing the motivation for the event, Maclurcan is quoted as saying "We are looking to alternative economic futures where we don't need to keep growing economically ... One of Post Growth's missions is to promote a steady-state economy or one that remains at a stable size rather than growing more."



Artist: Yana Gogo
Design Made: 2017/03/15
Published: 2017/03/25
Location: Shanghai, China
Studio: @chushangfeng
Tattoo: gogo.tattoo/gogo/tattoo/money_girl
Tags: money, girl

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Dear tattoo owner, please feel free to tell us the story of your tattoo.
Мы с нетерпением ждём историю тату от автора и её владельца!


I'm not sure why a steady state economy would be desirable. It basically sounds like a central planner's wet dream with the impetus of saving the world (birth licenses, resource consumption restrictions etc). Strict control of natural resources in order to create artificial scarcity and influence the price level and lower consumption basically. It would simply mean that that wealth has reached its maximum limit, and that one can no longer increase production. That said, I think it's impossible, given that the entire point of innovation is to make more out of less. In other words, if we maximized the use of the Earth's natural resources (and were incapable of getting these resources elsewhere) then it would make more sense that we begin to utilize these resources more efficiently, increasing production of goods per resources used. This is what we have been doing for millennia. Take for example the agricultural revolution: the same plot of land could grow many times the amount of food it did originally. This allowed for a massive boom in population. I'm not sure why it's not possible that this would happen again, in any given resource that could be produced by man.

There is no human or group of humans or computer or group of computers or group of humans and computers that can manage an economy as it can not take into account consumer demand and is even less able to account for changes in that demand. There are far too many variables for any computer or government to hope to control an entire economy. So any attempt by humans and computers to manage an economy by constraining demand or supply or both is doomed to fail as this group of humans and computers does not have information available to actors in the economy. Investigate the calculus problem / economic calculation problem = the reason why intervention and central planning always result in the misery it claims to fight. "Human Action" or "Economic Calculation in the Socialist Commonwealth" by Ludvig von Mises are good places to start.

grea tip! post, connecting global event with amazing tattoos!
you rock.