The stable door is open

by Stubborn Mule on 21 February 2010 · 11 comments

There have been a lot good discussions arising in the comments section of posts here on the Stubborn Mule. But in many ways, the “blog post and comments” format is a rather constraining framework for discussions. If someone has a thought that is only tangentially related to a post, they may be reluctant to add it as a comment. Likewise, a comment on an existing post does not always seem the best place to suggest ideas for future blog posts or just to suggest interesting links to other blogs or articles. I do publish my contact details, but when someone emails me directly, no-one else can see what they have to say unless I end up writing on the topic.

So, for some time now I have been thinking about setting up some kind of discussion forum to complement the Mule. Now, finally, I have done something about it can and hereby announce the launch of the Mule Stable.

The Stable is a place to share links, ideas, suggestions and anything else that interests you. Anyone who uses twitter will see a very familiar format: you can post brief notices (currently limited to 140 characters, but I plan to increase that in the future), follow what other users are saying and engage in conversation. In fact, if you have ever seen identi.ca, it will look even more familiar, which is because the Mule Stable is built on the same platform. More than a year ago I wrote about the future of microblogging. The idea of open microblogging pioneered by indent.ca was a key inspiration for that post and I have been toying with the idea of trying out their software ever since.

But am I re-inventing the wheel? After all, I already use twitter and there is plenty of discussion going on there. But, twitter is enormous and growing. This is its strength, but also its weakness: there is just too much going on to tie it back to one particular area of discussion. The idea of the Mule Stable is to create a smaller, more focused forum for discussion. Of course, I will continue to use twitter, but hope to get a lot out of the Mule Stable too.

So, please consider registering as a user at the Mule Stable and and listening in on the discussions. Better still, put your two-cents worth in too. The stable door is open, but the Mule won’t be bolting.

Possibly Related Posts (automatically generated):

{ 9 comments… read them below or add one }

1 Chris Bishops February 23, 2010 at 5:38 pm

Sean, this is a great idea and interesting experiment to see how people get the chaff moving in the stable. I will be watching and commenting closely!

2 Tony Hollingsworth February 24, 2010 at 5:36 pm

Great idea Sean
I kind of operate this way with tweets (using hashtags) and FriendFeed/Facebook (discussions) and now of course Google buzz, and Google Wave.

I am very interested in tools to help manage online communities (I am building them myself) so glad to have found a new toy to play with. I see there are smart people involved in the platform, @statusnet (http://status.net/company)

All the best with this, I’m glad to have met you at #wscm and now learning about this.

Cheers
Tony Hollingsworth

3 Marco February 24, 2010 at 7:45 pm

Oh man!

This sounds like I good idea and I would be glad to join… if I had any idea what all those things were! As things are, I just got dizzy with all these @xxx and links!

I’m getting old, Stubborn

Marco

4 Stubborn Mule February 24, 2010 at 8:02 pm

Marco: it’s actually not as bad as it looks at first. The @ symbol is just a way to direct a message to someone’s attention. Think of it as like putting “Attn” on the top of a fax. So, my username at the Stable is mule and a message with @mule in it would pop into my personal inbox as well as being visible to everyone in amongst all the other messages on the “public timeline”.

It’d be great if you gave it a try!

5 dan March 2, 2010 at 2:53 pm

Mule,

Thanks for this post. The Greek dilemma (a good Greek word that, except in this case their predicament appears to be more of an “alemma”), has got me thinking about the costs and benefits to an economy and a community when they tie themselves to a larger economic and financial entity.

Clearly the Greeks have suffered by not being able to control their own currency. And likewise, during the recent resources boom here in Australia, old industrial states like NSW and Victoria suffered because of the decisions taken by the RBA to increase rates to take the heat out of the resource state economies (making our dollar appreciate and our exports more expensive – but punishing consumers and producers in NSW who were already in recession). It was clear that having only one institution with one lever, is a very blunt instrument for economic management. If you had a Reserve Bank of NSW meeting today, do you think it would have decided to lift rates?

So the question must be asked what is the optimal size or geographic distribution or economic coherence for a currency zone? I believe you (Mule) could represent this graphically. There would be two lines. One is the benefit of a centralised currency, increased trade and convenience. And on the other, the costs, of being unable to control one’s own specific destiny. And at some point these lines cross. One would imagine that Marrickville issuing its own currency would be low on convenience and a high impediment to trade. On the other hand a single global currency, whilst hugely convenient, would turn us all into Greece/NSW, and that is not an attractive prospect.

So what is optimal, do you think?

Interestingly at the time of Empire, Australia used the British Pound (and each of the separate Australian colonies did so – though NSW famously had experimented with its own currency in the early days, though I doubt they ever envisaged it would end up as the logo for a local merchant bank). As I understand it the values were pegged, but this arrangement fell apart after the Australia left the Gold Standard, “resulting in a devaluation relative to sterling. A variety of pegs to sterling applied until December 1931, when the government set a rate of 1 Australian pound = 16 shillings sterling (1 pound 5 shillings Australian = 1 pound sterling).” (see http://en.wikipedia.org/wiki/Australian_pound). The modern equivalent would see Greece issuing their own – devalued – euros (if they were allowed), but this would kind of defeat the point and convenience of a single currency.

Also Mule, this currency specificity has got me thinking about languages. There is a similarity with the way in which more and more people on the planet are using fewer and fewer languages. There was a time where there were thousands of distinct languages spoken, and today there are only hundreds (there is probably a close correlation between language loss and currency loss). The costs/benefits are similar too. A language spoken by a wider group of people is more convenient and more conducive to trade and intercourse, but less likely to respond to the particular needs of a particular group (so no more 17 words for snow, or 50 or 100 – though sadly, I have to report that this is apparently an urban myth: http://en.wikipedia.org/wiki/Inuit_language#Words_for_snow. But the mathematician in you will be happy to know that they do have a base 20 counting system).

We used to think it axiomatic that language loss was a bad thing (much like species extinction), leading to a loss of linguistic diversity on the planet, and therefore cultural diversity, though now I’m not so sure. For those interested, have a listen to this: http://www.abc.net.au/rn/linguafranca/stories/2009/2734265.htm. Anyway it is hard for me to imagine any particular loss of local benefit from adopting the universal base 10 counting system.

Perhaps on the spectrum of cost/benefit intersections, the loss of a local language is somewhere between losing your base 20 counting system and losing control over your own currency.

6 JamesGlover March 2, 2010 at 5:27 pm

Dan. Re your point about currency size which @stubbornmule has brought to the attention of the twitterverse.

Questions of political expediency aside the optimal currency size is really the optimal economic unit with a single currency. To keep it simple I would say one where the local inflation and economic growth rates are approximately the same. If a geographic subset of the economy has a much different average inflation or growth rate from the rest then it is probably better off having its own currency. The result follows by induction. (One could argue for different currencies within the same geographic region for different subsectors of the economy but it looks like madness to do so!)

7 Stubborn Mule March 2, 2010 at 8:06 pm

Further to James’s point, I think that it is also important if the currency zone aligns closely with the most significant governing zone. Obviously countries like Australia and the US with two significant levels of government (I won’t suggest a special currency for Marrickville council, for example). This is because fiscal policy and control of the currency have important links. In the example of Greece, while there is clearly trading efficiency extending the euro across quite a few countries, the European is still (pace Monckton) a long way from really running the place: national governments still have extremely important roles to play. The disconnect between the currency region and the governing (and spending) region is showing up now.

8 JamesGlover March 2, 2010 at 8:43 pm

That’s what I meant by “questions of political expediency aside”. I just didn’t want to have to mention M-nckt-n.

9 Stubborn Mule March 4, 2010 at 6:46 pm

James: You write “M-nckt-n” as though the man’s name is profane and will be caught by internet filters. Perhaps you are correct!

Leave a Comment

{ 2 trackbacks }

Previous post:

Next post: