[meteorite-list] Emil Cohen's Market Trends of 1899 - Cohen'sremarks & pl...

From: joseph_town_at_att.net <joseph_town_at_meteoritecentral.com>
Date: Thu Apr 14 03:30:05 2005
Message-ID: <041420050730.10400.425E1C060004670C000028A021604666480299019BA1089F0A9C0106_at_att.net>

Doug,

I just said the same thing using 19 letters. The point has been made.

Bill


 -------------- Original message ----------------------
From: MexicoDoug_at_aol.com
> En un mensaje con fecha 04/14/2005 1:14:19 AM Mexico Daylight Time,
> mlblood_at_cox.net escribe:
>
> >I would add that
> >ALL currency is "monopoly money" with absolutely no value,
> >whatsoever, except as agreed upon by its users.
>
> Which gets us back to another very important point, "The VALUE of any
> particular good is what a given person at a given moment by their free will GIVE
> in
> exchange for certain recognized rights over it." Such as the right to be
> buried with it. That would seem to make sense. Perhaps if instead of using
> artificially imposed standards such as gold, we can turn to factoring in
> purchasing power parity across nations and time and view the world in terms of
> Big
> Macs. The Financial Times has had a great deal of luck explaining such deep
> concepts in terms of Big Macs rather than money. It also goes a long way
> explaining why meteorites tend to flow to "developed" world countries in
> exchange for Big Macs. Of if you don't like big Macs, gold, or Uncle Sam's
> obligations, a meteorite standard would do just as well. The world has
> certainly
> come a long way. From international traders using the Spanish Dollar as a
> standard in the 1600's, to the Mexican Allende meteorite today...And it is true
> that a gram of Allende doesn't stretch as far as it used to...
> Saludos
>
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Received on Thu 14 Apr 2005 03:30:15 AM PDT