Not quite TJ, but near enough for government work: <the marginal cost of production of fiat money is ... my, as burnandkaput once said on international television broadcast, nothing>
In the normal course of business, when one's competitors can do things 5% cheaper than one can oneself, one is usually up the creek without a paddle.
If a competitor comes in at 20% below, the sales rep starts looking for a new job.
If one company has to spend $200 an ounce to find and excavate the raw material to make something which has only raw material value, being used in ingot form, while a competitor need merely wave a magic wand to produce the "right stuff", then the Aztec industrial foundation is in deep doo doo.
When the magic wand method produces something which is much more effective than the Aztec system, namely,
Can't be stolen
Can't get lost
Moves instantly anywhere
Weighs nothing [more or less]
Can be used anywhere
Everyone accepts
Can, initially, be given away, FREE
Has a cool name, "Qi", "Uno", "Quid", "Quo", "Qui"
Five names for the price of one!
Moves almost instantaneously
why would one want to go back to the equivalent of the stone axe? It's the 21st century TJ. Too many people are trying to live 19th century ways.
You got it back to front. Costing nothing to produce is excellent. Spending great effort, pollution and endangerment to scavenge for gold is not a good idea.
Mqurice |
