The Economy as a Lifeboat

The Jungle is self-supported by showing advertisements via Google Adsense.
Please consider disabling your advertisement-blocking plugin on the Jungle to help support the site and let us grow!
We also show significantly less advertisements to registered users, so create your account to benefit from this!

Questions or concerns about this ad? Take a screenshot and comment in the thread. We do value your feedback.

The Economy as a Lifeboat

flsprtsgod
GOAT-erator
Posts: 38,474
Threads: 158
Joined: May 2009
Reputation: 1,281

#23

06-19-2017, 03:34 PM

(06-19-2017, 02:38 PM)Byron LeftTown Wrote: Fiat currency may have a current political or legal value, but that is separate from its inherent value. The inherent value is what you are left with when the political or legal system goes away.

The rock has value because it is rare and has certain properties humans find valuable - shiny, conductive, malleable, ductile, etc. It also holds these properties through time, which makes it useful as a storage of wealth. If all governments went away tomorrow, the rock would still have value.

No, it has value because certain people value it. To some societies gold is worthless.

“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Messages In This Thread

The Economy as a Lifeboat - by The Real Marty - 06-16-2017, 07:12 AM

RE: The Economy as a Lifeboat - by Byron LeftTown - 06-16-2017, 08:15 AM

RE: The Economy as a Lifeboat - by The Real Marty - 06-16-2017, 08:28 AM

RE: The Economy as a Lifeboat - by FBT - 06-16-2017, 10:25 AM

RE: The Economy as a Lifeboat - by MalabarJag - 06-16-2017, 10:38 AM

RE: The Economy as a Lifeboat - by FBT - 06-16-2017, 11:57 AM

RE: The Economy as a Lifeboat - by HandsomeRob86 - 06-19-2017, 01:43 PM

RE: The Economy as a Lifeboat - by flsprtsgod - 06-19-2017, 02:02 PM

RE: The Economy as a Lifeboat - by homebiscuit - 06-16-2017, 08:22 AM

RE: The Economy as a Lifeboat - by HURRICANE!!! - 06-16-2017, 09:10 AM

RE: The Economy as a Lifeboat - by Byron LeftTown - 06-16-2017, 09:17 AM

RE: The Economy as a Lifeboat - by The Real Marty - 06-16-2017, 09:59 AM

RE: The Economy as a Lifeboat - by copycat - 06-16-2017, 10:35 AM

RE: The Economy as a Lifeboat - by FBT - 06-16-2017, 11:50 AM

RE: The Economy as a Lifeboat - by copycat - 06-16-2017, 12:51 PM

RE: The Economy as a Lifeboat - by Byron LeftTown - 06-16-2017, 10:50 AM

RE: The Economy as a Lifeboat - by flsprtsgod - 06-19-2017, 09:17 AM

RE: The Economy as a Lifeboat - by Byron LeftTown - 06-19-2017, 10:19 AM

RE: The Economy as a Lifeboat - by flsprtsgod - 06-19-2017, 10:25 AM

RE: The Economy as a Lifeboat - by StroudCrowd1 - 06-17-2017, 02:57 PM

RE: The Economy as a Lifeboat - by Byron LeftTown - 06-19-2017, 02:38 PM

RE: The Economy as a Lifeboat - by HandsomeRob86 - 06-19-2017, 03:09 PM

RE: The Economy as a Lifeboat - by flsprtsgod - 06-19-2017, 03:34 PM

RE: The Economy as a Lifeboat - by The Real Marty - 06-20-2017, 10:59 AM

RE: The Economy as a Lifeboat - by HURRICANE!!! - 06-20-2017, 09:43 PM

RE: The Economy as a Lifeboat - by HandsomeRob86 - 06-20-2017, 11:39 PM

RE: The Economy as a Lifeboat - by Byron LeftTown - 06-19-2017, 03:56 PM

RE: The Economy as a Lifeboat - by flsprtsgod - 06-19-2017, 04:33 PM

RE: The Economy as a Lifeboat - by HandsomeRob86 - 06-20-2017, 02:22 AM

RE: The Economy as a Lifeboat - by The Real Marty - 06-21-2017, 08:51 AM

RE: The Economy as a Lifeboat - by FBT - 06-21-2017, 11:31 AM

RE: The Economy as a Lifeboat - by flsprtsgod - 06-21-2017, 05:38 PM

RE: The Economy as a Lifeboat - by pirkster - 06-23-2017, 01:00 PM

Users browsing this thread:

1 Guest(s)

The Jungle is self-supported by showing advertisements via Google Adsense.
Please consider disabling your advertisement-blocking plugin on the Jungle to help support the site and let us grow!
We also show less advertisements to registered users, so create your account to benefit from this!

Questions or concerns about this ad? Take a screenshot and comment in the thread. We do value your feedback.