SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Heinz Blasnik- Views You Can Use
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GraceZ who wrote (3234)7/25/2003 12:50:56 PM
From: Wyätt Gwyön  Read Replies (1) of 4907
 
The benefit to the economy can be huge, nails are almost free, but because the profit is so low they consider the improvement almost worthless in modern economic measures which are all based on dollar amounts.

no, the people at the Bureau of Lies and Statistics do make such adjustments through their subjective hedonic price deflator. and it is very dumb indeed. after all, the ability to produce an infinite amount of nails, or bandwidth, or flops, is meaningless on its own. you must look at the relations.

remember what Kierkegaard said: the self is a relation that relates itself to itself or is the relation’s relating itself to itself in the relation; the self is not the relation but is the relation’s relating itself to itself.

what relations matter? how does the economy relate to itself? through MONEY...

you pay MONEY to buy nails or gigaflops or petabytes or to pet a dog that bites. the market value of these things is related as MONEY. MONEY, not MP3s or Coca-Colas or whatever, is the consistent thread through history. it is the ultimate economic arbitrator throughout time. no matter how big your nail factory, you cannot pay for your rent or bed in nails, although you can rent your sheets by sleeping on a bed of nails.

you must pay attention to the relations that have persisted and will persist, not the meaningless fantasies envisioned by Gilder in his hilarious purple prose.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News