This writer - Carolyn Marvin - succeeded in ringing my bell. (Yes, I mean in a Pavlovian manner.)
Her university page is: [link to www.asc.upenn.edu
Now look at this: [link to www.asc.upenn.edu
How communications technologies structure ways of thinking and feeling is a lifelong concern of James Carey's work. Along the way, he has acknowledged a debt to Harold Innis, the economic historian for whom differences in message transportability among media make all the social and cultural difference in the world. When Carey began his career as a media analyst, he entered a field in which the staple devices for examining media in society were biographies of media figures and histories of media organizations. Innis's work was different. He offered a powerful analytic framework that connected changes in the history of transportation and communications technology to dramatic changes in social structure. Carey's own distinctive development of these ideas has deeply influenced the terms of media analysis by scholars in the field.
To explore that thinking, we must understand a little about the Innisian concepts at its roots. For Innis, media in which the message does not change much over time are time-binding. They are preservers of culture, and their mode is memory. Such media are exemplified in architecture, stone, and especially religious tradition mediated through oral communication, the communication of one body directly with another. The messages of time-binding media are unstable over space. They become distorted if they travel any distance. Tradition is an excellent example since the habitual customs and gestures of a community are difficult to maintain at a distance. Removed from the communities and generations of believers that have nurtured them, they are easily misinterpreted.
In space-binding media, messages are not distorted much across distance, but cannot last long. They are extenders of culture, and their mode is power. Print and broadcast journalism are space-binding media that combine the easy transportability of paper with rapid electronic distribution by telephone, video and computer. Contemporary journalism is time-shortened and ephemeral. Unlike media crafted from messages painstakingly sedimented across centuries, like the Iliad or the Odyssey, contemporary media saturate the moment. They fill up every nook and cranny of public space. Wherever time-binding and space-binding technologies flourish together, powerful political states emerge, long- lasting and broadly extended across territory. The maintenance of political units as small as tribes and as large as empires depend on media.
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A money system is both a space binding and time binding cultural institution.
University of Southern Illinois Professor Robert Blain in quoting Marshall McLuhan asked: "If money is speaking, what is it saying?" and more about money as a communication and how money has long been recognized as an information bearing mechanism.
and Narayana Kocherlakota, head of the Minnesota fed, is correct when he writes that any piece of money - no matter what that piece is made of - is a cultural mnemonic device - "social memory."
The unanswered questions are about lies embedded so deeply into the matrix that they are nearly impossible to detect or root out.
The questions are something like this; pardon me for being unable to ask better questions;
Lie number one is about usury, and it goes something like this: "How can interest bearing hypothecated debt as the basis for a money system ever be used to discharge all debt?"
Lie number two is about seigniorage, and it goes something like this: "By what process is the bank enabled the loaning of credit that is not the property of the bank?"
A money system is a space binding and time binding cultural institution, but when errors are embedded within the institution, the entire culture will be bent toward the demandments of the error until a cultural earthquake dislodges the errors.
An economic system is to the physical economy as a topographical map is to the physical geography. If you threw a topo map into a burning fireplace, would you look out the window expecting the rocks, roads, and marshlands to suddenly burst into flame?