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RE: An Op-Ed on "Francisco's Money Speech", Chapter 2: The Price is Right, and Chapter 2: The Meaning of Stable Money.

in #eee20832 years ago

I agree with you when you say that money doesn't make people bad, but I do think it can make people greedy or say desperate which can make them do bad things. But men will do that with anything of value, for example, food, clothes, and shelter, but you can't say those things either make people bad because they are inanimate objects.

Because value can be intrinsically variable from person to person, you could never have a correct price, or inversely, all prices are correct."

I agree you either make a deal and agree or you don't. That is the business world. There will always be varying opinions on value, but that is the beauty in the economies ever changing form. Money is the currency we use to make the value definition less vague, but with the growing 1% and the shrinking middle class you also have to ask how much money is making things less vague or just muddying it up more and more as inflation and our everyday living expenses increase. How much freedom to buy will a normal working class person have? Not very much at all.

I liked the contemporary reading by Tamny too. Of course cigarettes would replace the economy during a huge depression like that because men are fools to their on vices and especially during hard times. Just like in prisons where smoking is much more common person to person I'm sure it's the same in developing countries and struggling countries. I agree with you not agreeing with Francisco when he said that money is made for the good. Money is not made for good or bad. I would compare it to a language. It is how we communicate, but instead of understanding which we are gaining it is the things we place value on which we are exchanging. There are no emotions but the ones we place in the setting which is what we humans do. We are passionate, reaching, purpose seeking people a lot of times when it comes to money because we put so much value into it, but at the same time someone can never put too much value in material things or they will become out of balance which is a bad place to be.