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