From: Paul C (clyder@GN.APC.ORG)
Date: Sat Jul 03 2004 - 16:42:38 EDT
Rakesh Bhandari wrote: > > >> >> Howard, are you suggesting that money as measure of value must be a >> commodity today? >> >> Comradely, Fred > > > I am. Some sum of money, say $1000, has to stay constant as a > quantity not of one commodity but a basket of commodities--e.g. x > barrels of oil, y oz of gold, and z bushels of grain. This of course would not make money an invariable standard of value since the value of the basket of commodities will change over time.
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