« POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: The Value of Money! 

By: DGpeddler in POPE | Recommend this post (1)
Sun, 07 Aug 11 7:05 PM | 42 view(s)
Boardmark this board | (The) Pope's for real stock market report
Msg. 40608 of 65535
(This msg. is a reply to 40598 by ribit)

Jump:
Jump to board:
Jump to msg. #

"That being said, let me add that when people can get money without having to do anything for it, money loses it's value."

And thus we have inflation.




» You can also:
- - - - -
The above is a reply to the following message:
The Value of Money!
By: ribit
in POPE
Sun, 07 Aug 11 6:02 AM
Msg. 40598 of 65535

The Value of Money!

Money has value only because people will do things to get it. Gold is valuable for the same reason. If people would not perform "labor" for them, they would be no more valuable than sand. That being said, let me add that when people can get money without having to do anything for it, money loses it's value.


« POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next