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

[joseph_town 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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