The Mandrake Mechanism and the Nature of the Imaginary USA Monetary Substance

Fri. 10/04/09 20:31 EDT
.post #57

This makes me think of a bank account as some three-dimensional container, from which physical things can be extracted. I think of a bank account as nothing more than a record, either on paper or on computer, of who owns how much money. So, when money is “transferred,” all that really happens is that one account is decremented by the same amount that another is incremented.

An “account” is “a count.”

Your conception is more like a safety deposit box, which actually is a three dimensional container.