sharpghost
2380
141
2
Enjoy!
Mar 10, 2014 8:10 PM
sharpghost
2380
141
2
Enjoy!
FuckedSoHardNowImParaplegic
TIL I can use space diamonds to pay my debts.
MsDavidAttenborough
ITS*
AndyBlacksmith
It would only pay off the debt at it' current value. If we were actuall able to get it the supply would be so high that its price dives.
Satherian
Okay, I have to know who said those last words....and give them a high-five!
ClearEyesFullHearts
Overheard on Pluto: "What day is it?" "Earth Friday, Pluto Monday." "Fuck."
trowavo
wouldnt that just inflate diamond's value?
AndyBlacksmith
Deflate
thecreepergrinch
Diamonds are only valuable because a monopoly creates artificial scarcity and markets constantly.
hardytardigrade
Aside from all the market value issues- who the hell does Earth owe money to?
ncsuandrew12
The future. That's basically what printing money is. Also, I think Earth debt figures only count credits and ignore debits.
ncsuandrew12
e.g. if US owes China $1 billion, that counts towards the debt figure, even though in reality it cancels out.
hardytardigrade
I get it! We need space diamonds to pay credits to the future people.
JsKingBoo
Well, bringing back several shiploads of diamonds will crash the diamond market until the rocks are practically useless
NotAnotherScreenName
http://www.youtube.com/watch?v=N5kWu1ifBGU
FerretBomb
Actually, diamonds are plentiful on earth. Almost all mines are monopolized by DeBeers though, who stringently limit supply.
FerretBomb
Also, their demand was manufactured by frankly genius marketing campaigns. Pre-1940s, they were just useful for cutting glass.
RWR2288
And they aren't useful like food, water or energy, they are just pretty and useless
ncsuandrew12
False, but we get your point.
ncsuandrew12
Exhibit A: http://www.amazon.com/Hitachi-18109-8-Teeth-Polycrystalline-Hardiblade/dp/B00009LI4D
neverendingbreadstick
I always up vote science
ncsuandrew12
But not economics.
neverendingbreadstick
I'm an econ major?
ncsuandrew12
Then explain how the first one would work.
neverendingbreadstick
It wouldn't work. The top comment explains why.
ncsuandrew12
Exactly.