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To: Mind-numbed Robot

Your question is too general to be answered. If the money in question is metal, it can be manufactured into an object of value.


9 posted on 10/11/2010 9:15:04 PM PDT by Buchal ("Two wings of the same bird of prey . . .")
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To: Buchal

You are just ducking and dodging and shucking and jiving now. The value of money is its utility, its utility as a medium of exchange. Sure metal coins have some value other than money but usually not as much as it would have if used for money so that is a non-starter. Paper money can also be used for other things, even toilet paper, but that would be a foolish use of it. Money, as money, has no intrinsic value other than its utility as a medium of exchange. To argue otherwise is simply for the purpose of being stubborn.

You said you stopped reading the article when you saw the phrase “money has no intrinsic value” but you should have kept on reading. The utility of money as a medium of exchange is that you don’t have to find someone who wants what you have and has something of equal value that you also want. If the exchange is made for money then you can buy anything you want whether of equal value or not.


10 posted on 10/11/2010 9:45:24 PM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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