From: Paul C (clyder@GN.APC.ORG)
Date: Sat May 29 2004 - 16:00:20 EDT
Gerald A. Levy wrote: >1) Put some "mango-money" in your back pack. > >2) A month later, open your back pack and > remove the "mango money". > >Oops. Where is the "mango-money"? Is it >that squishy stuff (without value) at the bottom of >the back pack or is it that stain? > >Now, had one put a 'silver' dollar or a Federal Reserve >Note in one's back pack then -- in the ordinary >course of events -- one could open the back pack >after a month and still find the money that one put in >it and be able to then use it as money. > >Money must serve as a store of value. Unless it >can store value it can not be held for future purchases. >Nor can it serve as an instrument of hoarding. > >In solidarity, Jerry > > > > The mystery is solved when one realises that money is not a substance but a technology of record.
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