Re: two currencies and Korean war

["Harry Veeder" <eo200@xxxxxxxxxxxxxxxxxxx>]

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>From: Ted Winslow <egwinslow@xxxxxxxxxx>
>To: <pkt@xxxxxxxxxxxxxxxx>
>Subject: Re: two currencies and Korean war
>Date: Sun, Jan 13, 2002, 5:40 PM
>
.
>
>My understanding is that blood feuds, jus talionis, blood money and bride
>price are still characteristic of many Middle Eastern cultures. As I pointed
>out earlier, in the psychology consistent with the psychological premises of
>Keynes's monetary theory these phenomena are expressions of the same
>persecutory anxiety as the "strong irrational feelings" about money to which
>Keynes points as the ultimate basis of the "desire to hold money as a store
>of wealth".
>
>Ted

It is possible to develop "strong irrational feelings" about anything
including money. The vast majority people, including the vast majority
investors, have a tempered view of money. i.e. they do not let it
run their lives. However because money's use as a tool is wide spread,
an irrational few can take advantage the rational majority's
tempered view of money to garner power over others. In a perfect world,
money would only be a means to self empowerment.

Harry Veeder