tag:blogger.com,1999:blog-7801344413612447717.post1070633546874821294..comments2024-01-18T16:20:09.743+01:00Comments on Nils' Blog: CreditNilshttp://www.blogger.com/profile/06468755466492675831noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7801344413612447717.post-69645933648745216102012-02-13T12:52:46.477+01:002012-02-13T12:52:46.477+01:00A customer that puts $100 on a desk just to see a ...A customer that puts $100 on a desk just to see a room? I doubt this customer is smart enough to sue someone. :)Kringhttps://www.blogger.com/profile/03128630042421602039noreply@blogger.comtag:blogger.com,1999:blog-7801344413612447717.post-29949700723511853172012-02-13T02:14:57.985+01:002012-02-13T02:14:57.985+01:00What if everyone in that town is instead in debt t...What if everyone in that town is instead in debt to the same entity and the customer gets back in time to notice that his money is missing ans sues them for even more?Klepsacovichttps://www.blogger.com/profile/07915576683657376929noreply@blogger.comtag:blogger.com,1999:blog-7801344413612447717.post-59979021044290804442012-02-12T22:32:49.166+01:002012-02-12T22:32:49.166+01:00I actually wrote an Excel script some time ago to ...I actually wrote an Excel script some time ago to calculate the process to satisfy all friends while minimizing the amount of transactions ;). Extremely useful - not only at university.<br /><br />So, you are correct. I guess the problem is really only a problem if the train of debt is very long and nobody oversees it.Nilshttps://www.blogger.com/profile/06468755466492675831noreply@blogger.comtag:blogger.com,1999:blog-7801344413612447717.post-62541968895530428222012-02-12T22:18:01.926+01:002012-02-12T22:18:01.926+01:00The problem with this cute story is that the town ...The problem with this cute story is that the town didn't have any debt in the first place.<br /><br />Every person had an offsetting asset to match the debt. All the money did was to act as a clearing mechanism to remove the debts and assets from the books. The townspeople could have just done the same thing without the money, just by transferring the debt owed directly.<br /><br />Haven't you ever had a group of friends where I owe Dave $10, Sally owes me $10, so I just say that Sally now owes Dave $10? Transactions like that were pretty common among my group of friends in university.Rohanhttps://www.blogger.com/profile/09090769681887119989noreply@blogger.com