European Tribune - Comments - Anglo Disease: one more step to it actually being christened

Anglo Disease: one more step to it actually being christened | 48 comments (48 topical, 0 editorial, 0 hidden)

What people fail to appreciate is that things are "worth" whatever other people are willing to pay.

Possibly the most incorrect statement possible for any human to say.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Wed Apr 9th, 2008 at 04:03:36 AM EST
[ Parent ]

Re: Gold! (none / 0)

We are looking at the distinction between Value and Price, and Wilde's definition:

A cynic is a man who knows the price of everything but the value of nothing

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Wed Apr 9th, 2008 at 05:25:03 AM EST
[ Parent ]

Re: Gold! (none / 1)

In Spain we say sólo el necio confunde valor y precio (only the dunce confuses value and price).

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Wed Apr 9th, 2008 at 06:05:35 AM EST
[ Parent ]

Anglo Disease: one more step to it actually being christened | 48 comments (48 topical, 0 editorial, 0 hidden)

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