Re: [A-List] The Peso is a "Derivative" of the Dollar

["Annewilliamson" <Annewilliamson@xxxxxxx>]

Sabri and Christian:

If my earlier responses seemed to give your
queries short shrift, I did not intend such an
impression.  It's just that I am on the road and
it's hard for me to keep up......but, hey!  Senor
Price's article sure got the A-list rocking and
rolling today!

I post a lot of articles concerning gold, and many
of them receive no comment - so today kinda
reminds me of something an exasperated friend
once said to me, "Men!  You just never know
what's going to turn them on....." :-)

Anne

----- Original Message -----
From: "Sabri Oncu" <soncu@xxxxxxxxxxx>
To: "ALIST" <a-list@xxxxxxxxxxxxxxxxxxx>
Sent: Wednesday, August 21, 2002 3:26 PM
Subject: [A-List] The Peso is a "Derivative" of the Dollar


> Anne wrote:
>
> > And money must be a store of value;
>
> I always think of money as a "thing" similar to temperature:
> whatever temperature is to hotness, money is that to value, or
> maybe, to "something" else that "defines" value, possibly
> together with other "things". In other words, both temperature
> and money are just indices, or numbers, associated with hotness
> and that "thing" we may use to "define" value, respectively.
> Hence, they can be defined arbitrarily and, when conceptualized
> as such, neither is a store of anything. When most people speak
> of energy, they seem to behave as if they are talking about
> something tangible. But energy is not tangible: given a theory,
> it is just an abstract density or property whose existence may be
> deduced from observations and may be defined phenomenologically.
> For example, in the absence of motion and deformations, one can
> postulate that the energy (of a material object or body) is that
> density that depends in some manner on the hotness (of the
> material body) and hence on (its) temperature, measured in some
> scale. Whether this is a meaningful postulate or not is to be
> tested against  "reality", given a theory in which this postulate
> was made.
>
> Here are a few questions:
>
> 1) What is value?
> 2) What is that "thing" that corresponds to hotness?
> 3) How does any attempt to define value differ from the above
> attempt to define energy?
>
> Curiously yours,
> Sabri
>
>
>