Re: shuttle disaster
Travis Crump wrote:
Ron Johnson wrote:
On Fri, 2003-02-07 at 20:57, Gary Turner wrote:
eg. Actually, all goods and services come from the government...Try
producing your own goods and services.
Maybe I'm missing something, but what are you talking about. People
and corporations produce their own goods and services every day.
People and corporations produce their own money every day as well; have
you ever written a check? Try coming up with a difference between
checks, iou's, deeds, stock certificates, bonds, etc. and government
produced money that isn't circular, ie "the first set isn't money
because it is not government backed" Have you ever gone to a fair or
arcade where you have to buy 'tokens' to pay for the games/rides? What
are the tokens if they aren't money?
I'll give you a difference: liquidity. There are also differing degrees
of transferability and risk associated with all the forms of assets that
you've listed. I can't just use the tokens anywhere; they are probably
only redeemable at that particular arcade, though I might be able to
sell them to another arcade-goer at par or at a discount.
David P. James
4th Year Economics Student
The bureaucratic mentality is the only constant in the universe.
-Dr. Leonard McCoy, Star Trek IV