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buswolley writes:
"Is the United States or the EU really too poor to afford to build the things each needs to maintain prosperous nations? Modern Monetary Theory (MMT) posits that America is not too poor in real resources to do the things it needs to do, and now proponents of the theory have adapted the rules of the classic board game Monopoly to demonstrate their case. For those that do not know what modern monetary theory is about, a suitable primer on the topic might be Warren Mosler's Seven Deadly Innocent Frauds of Economy Policy or Diagrams and Dollars, either as a book on Amazon or on-line for free at NewEconomicsPerspectives.org.
While the Modern Monetary Theory perspective tends to elicit disbelief and even rage, I think it is important for any scientist and geek to weigh the evidence carefully, and by doing so understand better about how and why money is created and destroyed."
(Score: 2, Interesting) by geb on Saturday March 01 2014, @06:14PM
You'll get no argument from me on the need for regulation to promote safety, fairness and opportunity. I am a strong believer in the rule of law. That is why the example feels so wrong to me.
The section before that is similar I suppose. The monopoly board isn't under threat of invasion, so the example of buying aircraft carrier is pointless too, but in that case there was no suggestion of buying a deliberately broken and useless aircraft carrier.
In the case of the building regulations, the houses and hotels will be the same on the board with or without laws, so utility of the rule doesn't come into it, but it was specifically stated that the building regs should be so utterly incomprehensible that the ordinary player would require a specialist to ever apply them. That's not good.