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To: Tax-chick

That’s the one thing I respect about money (and I do NOT mean I love money).

Money is completely honest. It has its own rules, and is an absolute measure of events in the world. It is like the weather - you can’t control it, so you can either prepare and do as it tells you, or complain about it and stand out in the rain.


24 posted on 11/12/2010 9:32:59 AM PST by PGR88
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To: PGR88

I understand you perfectly. The absolute rightness of a system of prices is that the price records the value of goods to different parties. Ms. Out-of-Business’s beef was worth $28 a pound to her, but it wasn’t worth that to a potential customer. (Can’t get me to pay more than $4/lb. I’ll eat beans instead.)

Marginal utility, substitutions, fungibility ...I love all that microeconomic stuff!


49 posted on 11/12/2010 10:02:09 AM PST by Tax-chick (Don't forget to show your work!)
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