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View Diary: A Failed Experiment (136 comments)

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  •  while I agree.. (0+ / 0-)

    with your statement that money is worthless; just a measuring tool and is only worth the value of the paper with marks on it, the thought "Well just send me all your worthless paper with marks on it then". is a hard thought to dismiss.  
    I'll be playing the Powerball lottery this weekend.

    •  money is a commodity (0+ / 0-)

      albeit of a special kind; & i think usually it bears some relationship to the value of the commodities it can be exchanged for, although it can lose that relationship, too. i don't think the mere existence of money as such is the problem, since as long as commodities will need to be exchanged in some form more complex than barter, we will need something like money.

      i'd say the existence of money doesn't explain its unequal concentration and distribution.

      Human reason is beautiful and invincible --Milosz, Incantation

      by juancito on Fri Nov 23, 2012 at 12:05:49 AM PST

      [ Parent ]

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