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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mark Adams who wrote (75567)3/5/2001 1:23:31 PM
From: Don Lloyd  Read Replies (1) of 436258
 
Mark -

...From an alien perspective, we invest huge amounts of attention to sift the earth for grains of gold, only to re-bury it in vaults. It makes little sense, unless the aliens have implanted a program on the human species to collect the gold unwittingly for them, at little cost to them....

It certainly makes sense, and more sense at higher prices, to the explorer / producers, or else they wouldn't do it. It also serves a real purpose as a regulation and stabilization mechanism on the price of gold, which improves its usability, both for monetary and industrial or artistic uses.

Much, if not most, of economics consists of actions taken in self-interest by one individual or group that turn out to benefit all with no design or intent to do so.

Regards, Don
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