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To: PGR88

If I get a tv or a Honda for a bunch of worthless paper, how is that bad for me?

Why would the intellgient Japanese give me a Honda in exchange for a pile of worthless paper?


9 posted on 06/21/2012 11:39:40 AM PDT by Doctor 2Brains (If the government were Paris Hilton, it could not score a free drink in a bar full of lonely sailors)
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To: Doctor 2Brains

As if those worthless scraps of paper don’t represent a lifetime of my labor output.

I am not trading paper for goods. I am trading my time-valued labor output for goods. The paper is just a temporary storage medium for my labor output. OK, our collective labor output.

It is why some currencies are stronger than others. US productivity is very high and that is still reflected in our currency. Ditto Germany and the yen. There is a reason the Lira was the Lira and the Peso was the Peso.


11 posted on 06/21/2012 11:51:12 AM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: Doctor 2Brains

“pile of worthless paper?”

It has the potential to be worthless but it isn’t worthless now is it?


42 posted on 06/22/2012 8:15:14 AM PDT by CodeToad (Homosexuals are homophobes. They insist on being called 'gay' instead.)
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