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Re: Intrinsic Value
bill mitchell wrote:
>
> At 04:10 AM 6/6/98 -0400, you wrote:
> >How about this test for "intrinsic value?" You will be committed to an
> >extended period in the desert in which you will be expected to survive.
> >You will prepare a list of things to take with you for that period so
> >that you may survive. You may select only the most basic things not
> >attached to your body by Nature. What would you select? These things
> >are the things that have "intrinsic value." Nothing else will qualify.
> >
> >Hyman
>
> i will take:
>
> my bicycles ** (and a road maker to ensure sealed roads)
> my girlfriend (assuming we are in it together)
> my pc with internet connection
> my vegetable garden
> my CD player
> a piano
> my credit card and money stocks *
On these all I will agree, except for "credit card and money stocks."
In the wilderness, their only "intrinsic value" is (for the card), to
perhaps clean under your fingernails, and the paper representing money
stocks, for whatever one needs to use paper for. These can always be
brushed off and wiped clean for your return to civilization to represent
the real intrinsically valuable things to be exchanged for. Otherwise,
these could never qualify for any more intrinsic worth than that.
HB
>
> kind regards
> bill
> * so that when i return i will be able to buy some things
> ** not sure that these qualify as they are connected to me by nature!!
> #### ## William F. Mitchell
> ####### #### Head of Economics Department
> ################# University of Newcastle
> #################### New South Wales, Australia
> ###################* E-mail: ecwfm@xxxxxxxxxxxxxxxxxxx
> ################### Phone: +61 49 215065
> ##### ## ### Fax: +61 49 216919
> Mobile: 0419 422 410
> ##
>
> WWW Home Page: http://econ-www.newcastle.edu.au/economics/bill/billeco.html
- Thread context:
- Re: Mosler seminar: Tax-driven currency and the motives for credit, (continued)
- Intrinsic Value,
Hyman Blumenstock Sat 06 Jun 1998, 08:10 GMT
- Re: Mosler seminar: Tax driven currency (fwd),
Mathew Forstater Sat 06 Jun 1998, 01:53 GMT
- EU: Dominique Strauss-Kahn,
John Gelles Sat 06 Jun 1998, 01:35 GMT
- Re: Nellīs_comments_on_Mosler (fwd),
Mathew Forstater Sat 06 Jun 1998, 01:29 GMT
- inventory buildup,
Greg Nowell Fri 05 Jun 1998, 20:09 GMT
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