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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (68540)11/23/2010 9:34:07 AM
From: Maurice Winn2 Recommendations  Read Replies (1) | Respond to of 218047
 
TJ, stay focused on your beliefs about Japanese. The USA has nothing to do with it. You can be helped.

Mq



To: TobagoJack who wrote (68540)11/23/2010 11:03:27 AM
From: elmatador  Respond to of 218047
 
"it is not the abundance of money but the abundance of other products in general that facilitates sales:

ELMAT: Thus China an Brazil having lots of goods to trade facilitate sales. Not the abundance of USD on the market.

Here is why:

"It is worthwhile to remark that a product is no sooner created than it, from that instant, affords a market for other products to the full extent of its own value.

When the producer has put the finishing hand to his product, he is most anxious to sell it immediately, lest its value should diminish in his hands.

Nor is he less anxious to dispose of the money he may get for it; for the value of money is also perishable. But the only way of getting rid of money is in the purchase of some product or other. Thus the mere circumstance of creation of one product immediately opens a vent for other products. (J. B. Say, 1803: pp.138–9)[3]

"Money performs but a momentary function in this double exchange; and when the transaction is finally closed, it will always be found, that one kind of commodity has been exchanged for another."

Jean Baptiste Say: A treatise on political economy; or the production distribution and consumption of wealth. Translated from the fourth edition of the French. Batoche Books Kitchener 2001, p. 57

Production, by itself, creates a market.