Linked by Thom Holwerda on Sat 25th Aug 2012 19:40 UTC
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RE[7]: Comment by MOS6510
by kwan_e on Mon 27th Aug 2012 03:47
in reply to "RE[6]: Comment by MOS6510"
"[q]Earth and the universe did fine for billions of years without any money.
And yet, money emerged. The earth and the universe obviously had a need for money. "
No. Just several people had a need for money. [/q]
Are people not part of the Earth and the universe?
* Hint: just because the universe has no need for money doesn't mean it shouldn't exist. The universe has no need for life either. You can't argue about the need for properties which are emergent.
** This is not to say that money is perfect. I would say money needs to be subject to conservation laws like the rest of physical and biological laws. None of this "Company A is really worth $600 billion because the total of its shares at the current share price is worth $600 billion" nonsense.
RE[8]: Comment by MOS6510
by galvanash on Mon 27th Aug 2012 06:52
in reply to "RE[7]: Comment by MOS6510"
None of this "Company A is really worth $600 billion because the total of its shares at the current share price is worth $600 billion" nonsense.
How much is a piece of bread worth?
Whatever you are willing to pay for it...
How much is a share worth?
Whatever you are willing to pay for it...
Why do you continue to deny this simple truth? You seem to understand the concept of money, yet you think it doesn't apply to stock prices the same way it applies to everything else...





Member since:
2006-10-08
And yet, money emerged. The earth and the universe obviously had a need for money. "
No. Just several people had a need for money. One may speculate that some amount of them could be categorized as parasites, as today there's a significant share of people benefiting from the existence of money without creating any value or contributing to mankind, draining energy from the whole system.