I threw my Property Money essay (in two parts) at GPT-4 with the cited “compression prompt” with parameters (Maximum length:512, Frequency penalty:1, Presence penalty:1). Response:
PprtMony=:moneybag:tied2:bank:economy wealth++:currency_exchange:++,Px-M:Gl deposit:arrow_right:gl certificate(money)dmd gl 4 cert,give gl,certificate:arrows_counterclockwise:.Different=demurrage(bank cost sec.gld frm theft).
Gov as bank, economy “ancr” keeps property val safe(Ptitle), house brings $200K Px-money-($150K)=+50k.PxMoney fit liquidity & privatize soc-good delivery.
CntxtVCnvtlMontry&FiscalPolicy,M usually=fract of tot.wealth,PxM inflates,M solidified by lqdation val, Mkttomkt accounting blamed 4 '07 liquidity crisis.Institutions-demnded liqui from Gov,repos
Resln:PXMPolicy=Seemingly balnc excessive demand w under-supply fliquidity-Satisfies demand.LQt demand f Property derived from rNPV.Rel-core value to loan feasibly serviced.Property money centers balance btwn banks meet Liq.Dmnd.Confused with DemandXDefn here,Demand=”/else" v Willingnes n ability2 pay
"Dmnd for Liquidity"Imply willing to❗pay$for$Liquidity.imp:Dmnd doesn’t mean Forceful✔demand,everyones will/pbility is based on those(manforce/shield to chaos)Vital to Civ.No one can or else but them(Origin Of Dmad)
Clarify:“dmad” Embodies original concept o law/societal stability.Veterans example.Dmand originates rom Civ protectors,w/o cavalries,no projection.)Demand=LiqD given CostOfRepRoduct(CORR),Tendency of eonomy starts depopulation own peopleUnacceptable .Proper fiscal PolicyShould Respond-.GovMonitorCstOfRepRdct’(C.O.R.R),Tendency of economy-starts depopulation own people(unacceptable).Proper FiscalPolicyShould Respond-.GovMonitorCost Of ReplacementReproduction(CORRC)
MonthlyDividend unconditionally2 Sov=Citizens,facili PROVISIONS starting with their own replacement reproduction.
Funding done by voluntarydonations frm community,Liquidity f sov to make payments,during Crisis:Sov indirectly"bail out financial institutions. according to shared valuesClr:Property money-Balances econ.Healthy propor.Propertyhold 4 wealth,Stable supply/d
Decompression prompt for the above (Maximum length 3412) came back with travesty (although not as bad as most humans when asked about related concepts) and a failure to complete the response:
The text refers to the concept of property money, which is linked to the financial stability of the bank and its implications on the national economy and wealth. In simple terms, when gold is deposited into a bank, it is replaced with a certificate, thus transforming the nature of the ‘gold’ into ‘cash.’ These certificates can also be exchanged back for gold. For banks, there are security costs related to storing gold, a concept referred to as ‘demurrage.’
In this scenario, the government behaves like a bank where the economy is an anchor that efficiently stabilizes property values. For example, if a house is worth $200k and forms part of the ‘property money,’ after deducting the $150k in loan money (or ‘cash-money’), the owner still has a net worth, or ‘property value,’ of $50k. Therefore, property money facilitates liquidity and privatizes the delivery of social goods.
Within the context of conventional monetary and fiscal policy, money is typically a fraction of total wealth. When property money inflates, it’s value is fixed by its liquidation value. In fact, the market to market accounting was blamed for the 2007 liquidity crisis. During this crisis, various institutions demanded liquidity from the government through a process called ‘repos,’ short for repurchase agreements.
The solution to balancing excessive demand with under-supply of liquidity lies in the ‘property-money’ policy. This accommodates demand for liquidity driven by the net present value of property, and relates the core value to the feasibility of servicing the loan. Property money centers create a smooth transaction between banks that fulfill liquidity demand.
‘Demand’ here has been taken out of its usual context, and does not imply a forceful demand, but defines the willingness and ability to pay. It is likened to a shield against chaos, provided by those who can, without whom civilization cannot function.
The demand for liquidity entails the willingness to pay for liquidity. This is where fiscal policy and government
network error
This is more interesting than it might at first appear because of the recent excitement over “MemGPT” and related concepts that attempt to, in effect, expand the context window of LLMs through such “compression”.