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Pastimes : I AM A MINDLESS ZOMBIE -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (164)	10/4/2002 10:21:23 PM
From: Maurice Winn	Respond to of 258

Kastel, thanks for the link. Re <The purpose of money is to facilitate the transfer of value over space and time. In other words, we use it to exchange wealth geographically, and to provide for future payment. Without money, which is in effect an intermediate good used for trading, it would become very difficult to have a division of labor, i.e., specialization, and everyone’s standard of living would suffer. > An even more powerful monetary instrument is love. Weightless, totally abstract, can't be stolen or inflated, doesn't need to be dug up and reburied [like gold], doesn't need a wallet, a computer or a vault. Of course there is a large risk in there, as many people find when love fizzles and it's time to divorce and divvy up the proceeds. So I'm not arguing that love is going to replace Uncle KBE Al's, $ any time soon on any kind of scale, just that it's a valuable currency; far more valuable than a dollar or barbarian-style Aztec gold cross. Mqurice