[arin-ppml] Some observations on the differences in the varioustransfer policy proposals
tvest at pch.net
Mon Oct 20 12:54:58 EDT 2008
On Oct 20, 2008, at 11:04 AM, Milton L Mueller wrote:
> Just for the record, Tom's analogies between banking/currency and the
> management of IP addresses have no foundation in economic theory.
> IP addresses are NOT a medium of exchange, store of value, and unit of
> account; routing bloat is NOT "inflation;" etc. etc.
Thank you Milton.
Between your cumulating record of meaningless-to-false assertions on
the topic of Internet addressing, your utter lack of any expertise in
banking or monetary economics, and the awe-inspiring success of
orthodox theories about how banking works, I could scarcely ask for a
more ringing endorsement.
Victor Li, Federal Reserve Bank of Atlanta, "Is Why We Use Money
-- clarifies what a medium of exchange is/does
José De J. Noguera, "The Appearance of Carriers and the Origins of
-- about how environments like the NSFNet can foster the selection/
promotion of some simple input as a medium of exchange
Stephen Williamson, Federal Reserve Bank of Richmond, "Limited
Participation and the Neutrality of Money"
-- about consequences of the asymmetry between delegation
relationships like RIR->LIR and LIR-> end user
Sebastien Lotz and Guillaume Rocheteau, Journal of Money, Credit &
Banking (Vol. 34 No. 3: Aug. 2002), "On the Launching of a New Currency"
-- Name is self-explanatory, relevant to the current dilemma
Geoffrey Wood, "Governance or regulation? Efficiency, Stability, and
Integrity in the Financial Sector"
-- Name is self-explanatory
Dozens more, at least, on request.
FYI, before actually working in the Internet sector, one of my PhD
fields was trade and MONETARY policy. While in grad school I worked
for the CFR/Pacific Council on International Policy for four years,
during which I was fortunate enough to to serve as rapporteur for
dozens of member briefings by various senior monetary policy
practitioners -- cabinet-level treasury officials, central bankers,
IMF and IBRD executives, etc.
Granted, that doesn't make me anybody's expert -- much less an arbiter
of the foundations of economic theory.
Lucky for us, we have you to take care of those duties!
We missed you in Los Angeles,
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